Central Bank of Jordan Launches Second National Financial Inclusion Strategy

The Central Bank of Jordan (CBJ) has unveiled its second National Financial Inclusion Strategy (NFIS) for 2023-2028, marking a significant step towards enhancing economic empowerment and inclusivity across the nation. This strategic roadmap underscores ambitious objectives aimed at fostering a more inclusive financial landscape, with a primary focus on narrowing the gender gap, boosting digital payment adoption, and significantly increasing financial inclusion rates. With these goals in sight, CBJ’s initiative promises to pave the way for a more equitable and accessible financial ecosystem in Jordan.

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Collaboration lies at the heart of this endeavor, as evidenced by the close partnership between CBJ and the Better Than Cash Alliance Secretariat in drafting the NFIS. The Alliance’s continued support, particularly through the Payment and Transfer Services Working Group, ensures that CBJ’s goals remain aligned with global good practices and principles. The multidisciplinary working group comprises representatives from not only the Central Bank of Jordan but various sectors, including the government, payments service providers, exchange houses, and international payment network processes.

Furthermore, CBJ’s commitment to adopting the UN Principles for Responsible Digital Payments underscores its dedication to fostering a sustainable and inclusive financial environment. This aligns with the aspiration of realizing, the UN Sustainable Development Goals and paving the way for a brighter, more inclusive future for all who call the Kingdom of Jordan home.