Regulatory Alerts2017-06-09
Added · Updated
Inclusion of Tourism and Renewable Energy Sectors in Medium-Term Financing Instructions
The Central Bank of Jordan amended Instruction No. 54/2011 to include the tourism and renewable energy sectors in the framework for extending medium-term advances to licensed banks. The tourism sector covers the financing of hotel construction, rest areas, and tourist public facilities, while the renewable energy sector includes solar power, wind energy, and energy saving projects. This directive applies to all licensed banks and took effect on 12 June 2013.
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