Economists cautiously view launch of capital and investment fund

Economists cautiously view launch of capital and investment fund

AMMAN “” Steering clear of the typical path and the traditional investment models is needed to achieve a more positive investment environment, according to economists.

Jordanian banks on Tuesday, virtually launched the Jordan Capital and Investment Fund worth JD275 million, in the presence of Prime Minister and Minister of Defence Bisher Al Khasawneh, Governor of the Central Bank of Jordan (CBJ) Ziad Fariz and Head of the Association of Banks in Jordan Hani Al Qadi.

Targeting vital and promising national companies, the fund aims to strengthen the economic development and investment climate, as well as create more employment opportunities.

The prime minister, in his opening remarks during the virtual launching ceremony, pointed out the need for such investment funds amid the pandemic that impacted various economic sectors, stressing that "the launch of the fund is in line with the government's efforts towards promoting inclusive development, attracting investment and tackling poverty and unemployment.“  

Endorsing Al Khasawneh's view, economic expert and analyst Zayan Zawaneh told The Jordan Times on Wednesday that amid the pandemic, establishing an investment fund is more vital than ever, noting that the banking sector is a "keystone“ in the Kingdom's economy, having shown cooperation and "positive attitude“ since the start of the