DOCSLIB.ORG

Hashemite Kingdom of Jordan Update the General Objectives for Education in the Being Broadly Vocationally Or Iented

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Hashemite Kingdom of Jordan Update the General Objectives for Education in the Being Broadly Vocationally Or Iented HASHEMITE KINGDOM FOURTH QUARTER 2001 OF JORDAN A Quarterly Publication of the Jordan Country Unit Public Disclosure Authorized Update The World Bank Group STRATEGIC ISSUES FOR FURTHER DEVELOPMENT OF THE EDUCATION SECTOR g Introduction policy objectives of this program focused on upgrading teacher qualifications, upgrading Jordan is currently embarking upon an ambitious curricula and textbooks, and expansion and Public Disclosure Authorized program of social and economic reform with enhancement of school facilities. During the human resources development at its center. The intervening period, significant progress has been following notes outline the core strategic issues, made towards the achievement of these goals. which are being addressed at the respective levels While other policy objectives can be implied from of the education sys tem for their achievement. government directives, programming initiatives or other fora, an explicit policy framework for basic education addressing objectives such as access, g Basic Education equity, relevance, efficiency, financing, etc., is The Jordan “Accelerated Social and Economic currently not in place. The absence of this Development Plan” recognizes education as a framework presents challenges at all levels of the cornerstone of development and the principal system in terms of prioritizing inves tments, means of improving the welfare of its citizens. establishing program goals, and implementing effective monitoring and evaluation systems. Public Disclosure Authorized With the guiding purpose of basic education to produce a literate and numerate population, and Formulation of a policy framework reflective of current priorities is seen to be an important also to lay the foundation for further education, strategic objective. It is understood that a high the primary and secondary educ ation systems need to undergo continuous adaptation to the level policy forum on basic education involving international participation is planned for the near changing characteristics of the wider society. Recognizing the shift from a resource-based future. The output from this forum is expected to economy to a knowledge-based economy, and the assist in the development of a policy framework attendant need to incorporate enhanced levels of for Jordan. student learning abilities, analytical skills, team based activity, and computer literacy at the early Governance and Leadership stages of the education system, the following The Ministry of Education and its General issues are seen to be of strategic importance. Directorates are respons ible for achievement of Clarity of Policy Framework Inside this Issue Public Disclosure Authorized The current basic education system in Jordan Recent Economic Developments 7 builds on the 1987 National Conference on Jordan – A Pione er in Water Sector Reform 11 Educational Development, leading to a set of recommendations that provided the basis for a Bank Group Operations 16 ten-year education reform program. The principal World Bank Publications 21 Hashemite Kingdom of Jordan Update the general objectives for education in the being broadly vocationally or iented. This is consi- Kingdom, including the design and dered to be unsustainable, inefficient and implementation of policies and plans. District inconsistent with the broader social and economic Directorates of Education in the governorates are development objectives of the country. It is responsible for the delivery of programs and recommended that the proposed education policy program quality. The education reform program forum place emphasis on this issue with a view to recognized the need to devolve increased levels of providing guidelines to undertake a fundamental responsibility to the local level and the individual reorie ntation of the secondary vocational stream. school level in order to meet the program objectives. No specific steps were identified Information, Communication Technologies however, to pursue such devolution. The Ministry (ICT) continues to maintain a high level of centralized authority with little autonomy being devolved to Jordan has well understood that a universal ability District Directorates or schools. This is seen to to fully utilize all dimensions of information and constrain growth, development and innovation. communication technologies will be central to the Following the articulation of the national achievement of its economic development education policy framework, it is recommended objectives. A similar recognition exists that the that detailed consideration be given to the development of these skills must begin at an early development of the most effective institutional age. In cons equence, a comprehensive strategic framework for implementation. Recognizing that framework for the incorporation of ICT into the high caliber schools are universally understood to basic education system has been formulated and be a direct function of the caliber of the school initial steps undertaken towards implementation. Principal, a similar level of consideration is This is clearly an important strategic initiative recommended in terms of program initiatives to which, together with other program reform issues, build educational leadership at all levels. calls for continued inves tment and support. Program Structure and Content Professional Development Two linked strategic issues are seen with respect While major investments have been made in to program structure and content. The first is that physical infrastructure for the development of basic education programming is strongly oriented basic education, the strategic thrust must now towar ds “teaching” as opposed to “learning”. This focus on building intellectual and institutional approach derives from the competitive and infrastructure. While teacher qualifications have academic nature of the Tawjihi examination been upgraded through the introduction of a which emphasizes the assimilation of information requirement to hold a baccalaureate degree as a and the development of abilities to respond to minimum prerequisite, the recommended shift questions of a standardized format. If an objective towards building a learning culture at the school for basic educ ation is seen to be preparation for level; the incorporation of ICT; program lifelong learning and integration of the individual adaptations; and the transfer of increased levels of into the productive sector of a knowledge autonomy to the local level will all call for major economy, then learning skills, analytical skills, investments in pr ofessional development. It is integrative abilities, and social adaptive abilities recommended that this issue be studied both are of significantly increased importance. Once quantitatively and qualitatively and an appropriate again, while issues of this nature were referenced strategy formulated. in the education reform program, they did not translate into the design of the education program System Efficiency itself. Within the context of the Jordanian objective to integrate more closely with the global As additional investments are proposed, economy, this becomes a core strategic issue. The maximizing system eff iciency becomes an second structural question relates to the objectives increasingly important core strategic issue. While and content of the secondary vocational stream. recognizing the need to provide equity of access The current program structure is seen to be to defined minimum levels of learning narrowly occupationally oriented as opposed to env ironment, additional investments should only Fourth Quarter 2001 2 Hashemite Kingdom of Jordan Update occur after instituting multiple shift schooling, with respect to this issue and, without resolution, recruiting and deploying teachers more the work of the Council cannot be effective. The effectively, reducing the indirect costs of second issue relates to the structure, composition, education, and mobilizing community support functions, and relationship of the Secretariat to the have been fully explored. With a population Council. As presently constituted, responsibility growth rate paralleling projected economic to provide the Secretariat function has been growth rates, system efficiency of basic education assigned to the Vocational Training Corporation. continues to be a core strategic issue for Jordan. This is considered to be inappropriate on two grounds: first, the issue of conflict of interest g Technical And Vocational where one of the principal TVET providers is Education responsible for formulating policy options, and second, the skill sets currently resident within The mandate for providing publicly funded VTC do not encompass the range of issues, which the Council will be required to address. technical and vocational education in Jordan, is currently assigned to the Ministry of Educ ation, Continuing support to ensuring the efficient and the Vocational Training Corporation, and the effective functioning of the TVET Council is considered to be a strategic priority. Community Colleges managed by Al Balqa’ Applied University. Private technical and vocat ional education and training providers have Productive Sector Linkages traditio nally focused on the delivery of programs calling for low levels of capital investment and the As a labor surplus, labor exporting economy, utilization of part-time faculty. While the system there has traditionally been a low level of has historically been characterized by low levels incentive amongst Jordanian employers to invest of institutional co-ordination,
Load more

Recommended publications
  • List of Certain Foreign Institutions Classified As Official for Purposes of Reporting on the Treasury International Capital (TIC) Forms
    NOT FOR PUBLICATION DEPARTMENT OF THE TREASURY JANUARY 2001 Revised Aug. 2002, May 2004, May 2005, May/July 2006, June 2007 List of Certain Foreign Institutions classified as Official for Purposes of Reporting on the Treasury International Capital (TIC) Forms The attached list of foreign institutions, which conform to the definition of foreign official institutions on the Treasury International Capital (TIC) Forms, supersedes all previous lists. The definition of foreign official institutions is: "FOREIGN OFFICIAL INSTITUTIONS (FOI) include the following: 1. Treasuries, including ministries of finance, or corresponding departments of national governments; central banks, including all departments thereof; stabilization funds, including official exchange control offices or other government exchange authorities; and diplomatic and consular establishments and other departments and agencies of national governments. 2. International and regional organizations. 3. Banks, corporations, or other agencies (including development banks and other institutions that are majority-owned by central governments) that are fiscal agents of national governments and perform activities similar to those of a treasury, central bank, stabilization fund, or exchange control authority." Although the attached list includes the major foreign official institutions which have come to the attention of the Federal Reserve Banks and the Department of the Treasury, it does not purport to be exhaustive. Whenever a question arises whether or not an institution should, in accordance with the instructions on the TIC forms, be classified as official, the Federal Reserve Bank with which you file reports should be consulted. It should be noted that the list does not in every case include all alternative names applying to the same institution.
    [Show full text]
  • Determining Bank Performance in Emerging Markets: the Case of Jordan Competition, Portfolio Behaviour, and Efficiency
    DETERMINING BANK PERFORMANCE IN EMERGING MARKETS: THE CASE OF JORDAN COMPETITION, PORTFOLIO BEHAVIOUR, AND EFFICIENCY By MOHAMMED ABDULLAH KHATAYBEH A Thesis Submitted to The University of Birmingham For the degree of DOCTOR OF PHILOSOPHY University of Birmingham Collage of Social Sciences Birmingham Business School Department of Economics January 2013 University of Birmingham Research Archive e-theses repository This unpublished thesis/dissertation is copyright of the author and/or third parties. The intellectual property rights of the author or third parties in respect of this work are as defined by The Copyright Designs and Patents Act 1988 or as modified by any successor legislation. Any use made of information contained in this thesis/dissertation must be in accordance with that legislation and must be properly acknowledged. Further distribution or reproduction in any format is prohibited without the permission of the copyright holder. DEDICATION To; Professor Jim L. Ford, ACKNOWLEDEMENT First and foremost, I would like to thank Allah the Almighty, the Most Beneficent the most merciful for giving me the courage, support, and guidance to complete this thesis. Prayers and peace be upon His prophet Muhammad. I would like to express my sincere gratitude to my supervisor, Professor Nick Horsewood, whose excellence in supervision and devotion to research has inspired my work and whose kindness and patience has encouraged my research efforts. I confirm here that his continuous assistance, supervision, encouragement, comments, suggestions and constructive criticism throughout this study enabled me to complete this thesis. I would also like to thank Professor Jim Ford to whom I am eternally grateful for his supervision during the first two years of my PhD, who has contributed immensely towards this piece of research.
    [Show full text]
  • Tax Relief Country: Italy Security: Intesa Sanpaolo S.P.A
    Important Notice The Depository Trust Company B #: 15497-21 Date: August 24, 2021 To: All Participants Category: Tax Relief, Distributions From: International Services Attention: Operations, Reorg & Dividend Managers, Partners & Cashiers Tax Relief Country: Italy Security: Intesa Sanpaolo S.p.A. CUSIPs: 46115HAU1 Subject: Record Date: 9/2/2021 Payable Date: 9/17/2021 CA Web Instruction Deadline: 9/16/2021 8:00 PM (E.T.) Participants can use DTC’s Corporate Actions Web (CA Web) service to certify all or a portion of their position entitled to the applicable withholding tax rate. Participants are urged to consult TaxInfo before certifying their instructions over CA Web. Important: Prior to certifying tax withholding instructions, participants are urged to read, understand and comply with the information in the Legal Conditions category found on TaxInfo over the CA Web. ***Please read this Important Notice fully to ensure that the self-certification document is sent to the agent by the indicated deadline*** Questions regarding this Important Notice may be directed to Acupay at +1 212-422-1222. Important Legal Information: The Depository Trust Company (“DTC”) does not represent or warrant the accuracy, adequacy, timeliness, completeness or fitness for any particular purpose of the information contained in this communication, which is based in part on information obtained from third parties and not independently verified by DTC and which is provided as is. The information contained in this communication is not intended to be a substitute for obtaining tax advice from an appropriate professional advisor. In providing this communication, DTC shall not be liable for (1) any loss resulting directly or indirectly from mistakes, errors, omissions, interruptions, delays or defects in such communication, unless caused directly by gross negligence or willful misconduct on the part of DTC, and (2) any special, consequential, exemplary, incidental or punitive damages.
    [Show full text]
  • OECD International Network on Financial Education
    OECD International Network on Financial Education Membership lists as at May 2020 Full members ........................................................................................................................ 1 Regular members ................................................................................................................. 3 Associate (full) member ....................................................................................................... 6 Associate (regular) members ............................................................................................... 6 Affiliate members ................................................................................................................. 6 More information about the OECD/INFE is available online at: www.oecd.org/finance/financial-education.htm │ 1 Full members Angola Capital Market Commission Armenia Office of the Financial System Mediator Central Bank Australia Australian Securities and Investments Commission Austria Central Bank of Austria (OeNB) Bangladesh Microcredit Regulatory Authority, Ministry of Finance Belgium Financial Services and Markets Authority Brazil Central Bank of Brazil Securities and Exchange Commission (CVM) Brunei Darussalam Autoriti Monetari Brunei Darussalam Bulgaria Ministry of Finance Canada Financial Consumer Agency of Canada Chile Comisión para el Mercado Financiero China (People’s Republic of) China Banking and Insurance Regulatory Commission Czech Republic Ministry of Finance Estonia Ministry of Finance Finland Bank
    [Show full text]
  • The Responsibility of Central Bank of Jordan in Maintaining the Jordanian Financial System Stable
    International Journal of Management and Applied Science, ISSN: 2394-7926 Volume-4, Issue-5, May-2018 http://iraj.in THE RESPONSIBILITY OF CENTRAL BANK OF JORDAN IN MAINTAINING THE JORDANIAN FINANCIAL SYSTEM STABLE FOUZAN AL QAISI American university of Madaba, Jordan, P.O.Box: 2882, Amman 11821 E-mail: [email protected] Abstract - This paper aims to seek the responsibility of the Central Bank of Jordan (CBJ) and how it maintains the Jordanian financial stability especially in the banking sector by using ratios such as the Liquidity Ratio, Capital Adequacy Ratio, and Leverage Ratio. This is byinvestigating the stability of five selected banks in Jordanand evaluates the impact of the 2008 Global Financial Crisis (GFC) on the Jordanian financial system, in general, and its impact on these selected banks, in particular.The following hypothesizes will be tested: Hypothesis (1): Did the GFC affect banks in Jordan, Hypothesis (2): did Jordan banks recover after the GFC, Hypothesis (3): did these ratios (Capital Adequacy Ratio, Liquidity Ratio, Leverage Ratio) help in indicating the strength of the Jordanian banking sector, Hypothesis (4): did Jordan financial stability get stabilized after the GFC, and Hypothesis (5): Did the CBJ role affect the Jordanian banking sector positively. Based on the study results, all these hypothesizes have been accepted. Keywords - Central Bank of Jordan, Stability, Global Financial Crisis. I. INTRODUCTION 2016). They also act as private banks which means they process checks and lend money to their The Central Bank is a separate national authority that members; they also store currency in their foreign controls monetary policy, regulates banks and exchange reserve.
    [Show full text]
  • November 2020 List of Participants 1 Afghanistan
    NOVEMBER 2020 LIST OF PARTICIPANTS AFGHANISTAN ALGERIA Mr. Ajmal Ahmady Mr. Loumi Chaâbane Governor Subdirector of Statistics Afghanistan Central Bank MOF, General Tax Directorate Pashtonistan Watt Cité Malki-Ben Aknoun Kabul 1001 Algiers 16000 AFGHANISTAN ALGERIA Mr. Mustafa Sameh Mrs. Kendil Fatma Zohra Manager, Financial Stability Section On-site Supervisor Da Afghanistan Bank Banking Supervision & Inspection Dept. Pashtonistan Watt Bank of Algeria Kabul 1001 38 Ave. Franklin Roosevelt AFGHANISTAN Algiers 16000 ALGERIA Mr. Gul Mohammad Noori Ms. Fatma Zohra Dahmani Deputy Manager, Financial Stability Inspector, Off Site Supervision Dept . Da Afghanistan Bank Bank of Algeria Pashtonistan Watt 38, avenue Franklin Roosevelt Kabul 1001 Alger 16000 AFGHANISTAN ALGERIA ALBANIA ARMENIA Mr. Deniz Deralla Ms. Mariam Yeghiazaryan Director of Supervision Dept. Head of Banking System Regulation Division Bank of Albania Central Bank of Armenia Sheshi Skënderbej No. 1 Vazgen Sargsyan 6 Tirana 1001 Yerevan ALBANIA ARMENIA 0010 ALGERIA AUSTRALIA Ms. Sara Kennouche Mr. Wayne Byres Directorate General of Politics and Provision Chair Finance Ministries Australian Prudential Regulation Authority Ahmed Francis bldg. Level 12, 1 Martin Place Ben aknoun -Algiers Sydney 2000 ALGERIA AUSTRALIA 1 NOVEMBER 2020 LIST OF PARTICIPANTS AUSTRIA BAHRAIN Mr. Eduard Mueller Mr. Nabeel Juma Executive Director Superintendent, Financial Institutions Financial Market Authority Austria Regulatory Policy Otto Wagner Platz 5 Central Bank of Bahrain Vienna 1090 King Faisal Highway, Diplomatic Area, Block 317, AUSTRIA Road 1702, Building 96 Manama BAHRAIN Mrs. Katharina Muther-Pradler Head of Department of Integrated Supervision Ms. Reema Mandeel Financial Market Authority Austria Superintendent, Regulatory Policy Otto Wagner Platz 5 Central Bank of Bahrain Vienna 1090 King Faisal Highway, Diplomatic Area, Block 317, AUSTRIA Road 1702, Building 96 Manama BAHRAIN Dr.
    [Show full text]
  • Jordan Report
    JordanEconomicReport NO FISCAL ROOM FOR EXPANSIONARY SPENDING POLICIES Economy slowing down amid regional turmoil: The Jordanian economy is reporting a net activity slowdown amid the spillover effects of the regional unrest. Although Jordan does not share the regional political characteristics behind turmoil in MENA countries in general, it does share the tough economic, demographic and social conditions of the countries under turmoil. The IMF has revised the Kingdom’s real May growth for 2011 to 3.3%, keeping the economy within the range of low economic growth for the third year in a row after it had reported a streak of high growth of 8% on average between 2003 and 2008. 2011 Real sector indicators reporting mixed performances: Among rising real sector indicators year-to-date, power production was up by 8.1%, merchandise at the Aqaba Port rose by 18.5%, real estate sales surged by 24% and construction permits grew by 28.0%. On the downside however, cement production fell by 15.1%, the number of tourists dropped by a yearly 5.5% and cleared checks, an indicator of both consumption and investment spending demand, contracted by 4.3% driving a 13.1% drop in velocity of money. Jordan’s foreign trade adversely impacted: The contraction of Jordanian exports to Syria, Egypt, Libya, Tunisia, Yemen and Bahrain that witnessed political and security troubles was offset by a rise in Jordan’s exports to Iraq which continues to retain the lion’s share of Jordanian exports. On the import side however, Jordan’s import bill is apt to be significantly affected by the rise in oil prices.
    [Show full text]
  • Hashemite Kingdom of Jordan
    37115 A Quarterly Publication of the HASHEMITE KINGDOM Jordan Country Unit OF JORDAN October 2001 Public Disclosure Authorized The World Bank Group Privatization: The Jordanian Success Story Background industrial and service sector just starting and others which are companies, including various financial drawing to a close. These transactions Public Disclosure Authorized The World Bank Group has been institutions. Recently the Program has include: Royal Jordanian Airlines; assisting Jordanian privatization since started to consider activities in the Jordan Phosphate Mining Corporation; 1995 in collaboration with USAID and social sectors. postal services; Electricity Sector other development partners. At (distribution and generation); Petra present, the World Bank Group Outcomes Drilling Corporation; Assamara Water manages a substantial trust fund for Treatment Plant; Royal Jordanian Air USAID that supports the Jordan This Program ranks as one of, if not Academy; Ministry of Supply agri- Privatization Program (the Program). the most, successful programs in the business facilities; Customs The World Bank Group has been Middle East region. To date the Department warehouses; and the Water actively assisting the Jordanian following has been achieved: (i) a 33 Authority at Petra. They are scheduled Government through the Executive percent sale of the Jordan Cement for completion in the later part of this Privatization Commission (EPC) in Factories (JCF); (ii) the granting of year and next year. Public Disclosure Authorized crafting a privatization strategy, four bus concessions in the Greater designing an institutional framework Amman area [Public Transport Execution for implementing the Program, and Corporation (PTC)]; (iii) the granting supporting the implementation of the of a concession for the Ma’an Spa; (iv) The Jordanian Government’s Program.
    [Show full text]
  • Jordan Banks Financial Soundness Indicators
    View metadata, citation and similar papers at core.ac.uk brought to you by CORE provided by Society for the Study of Business & Finance- SSBFNET: E-Journals International Journal of Finance & Banking Studies IJFBS ISSN: 2147-4486 Vol.4 No.3, 2015 www.ssbfnet.com/ojs Jordan Banks Financial Soundness Indicators Imad Kutum The University of Jordan, Accounting Department Khaled Al-Jaberi Independent Researcher Abstract The aim of this research paper is to examine the Jordanian banks using financial soundness indicators. This is to establish if Jordanian banks were affected because of the 2007/2008 financial crisis and determine the underlying reasons. The research paper was conducted on 25 banks in Jordan listed in the countries securities exchange. The research methodology used consisted of examining the banks financial records in order to derive four crucial Basel III ratio such as the capital adequacy ratio, the leverage ratio, the liquidity ratio and finally the Total Provisions (As % Of Non-Performing Loans) %. The results revealed that out of the four hypotheses under examination Jordan Banks do not meet Basel financial Indicators for Capital Adequacy Ratio, Jordan Banks does not meet Basel financial Indicators for Liquidity Ratio , Jordan Banks do not meet Basel financial Indicators for Leverage Ratio and Jordan Banks do not meet Basel financial Indicators for Total Provisions (As % Of Non-Performing Loans) ratio. Only one hypothesis was accepted based on the research outcomes. The rest of the hypothesis was rejected since the average trend line did not go below the Basel III required ratio level. The general outcome of the research revealed that Jordanian banks were not affected significantly by the financial crisis.
    [Show full text]
  • OECD International Network on Financial Education
    OECD International Network on Financial Education Membership lists as at 30 September 2021 Full members ........................................................................................................................ 1 Regular members ................................................................................................................. 3 Associate (full) member ....................................................................................................... 6 Associate (regular) members ............................................................................................... 6 Affiliate members ................................................................................................................. 6 More information about the OECD/INFE is available online at: www.oecd.org/finance/financial-education.htm │ 1 Full members Angola Capital Market Commission Armenia Office of the Financial System Mediator Central Bank Australia Australian Securities and Investments Commission Austria Central Bank of Austria (OeNB) Belgium Financial Services and Markets Authority Brazil Central Bank of Brazil Securities and Exchange Commission (CVM) Brunei Darussalam Autoriti Monetari Brunei Darussalam Bulgaria Ministry of Finance Canada Financial Consumer Agency of Canada Chile Comisión para el Mercado Financiero China (People’s Republic of) China Banking and Insurance Regulatory Commission Czech Republic Ministry of Finance Estonia Ministry of Finance Finland Bank of Finland France Banque de France Germany German Federal
    [Show full text]
  • Jordanian Banks: 2019 Peer Review Challenging Operating Environment Constrains Banks’ Ratings Special Report
    Banks Jordan Jordanian Banks: 2019 Peer Review Challenging Operating Environment Constrains Banks’ Ratings Special Report Key Rating Drivers Rating Outlooks Stable Negative/RWN Positive/RWP Operating Environment Constrains Ratings: The Long-Term Issuer Default Ratings (IDRs) (%) of Fitch-rated Jordanian banks are driven by their standalone credit profile, as defined by their 100 Viability Ratings (VR), which are correlated with and constrained by the Jordanian operating environment. 80 60 Arab Bank’s (AB) IDRs are constrained but not capped by Fitch’s view on Jordanian sovereign 40 risk. AB’s geographical diversification in the Gulf Cooperation Council (GCC) and outside the MENA region, as well as about half of its holdings of liquid assets in Europe and other highly 20 rated sovereigns could help to offset the impact of a sovereign crisis. Nevertheless, AB’s high 0 exposure to the Jordanian sovereign relative to its equity via holdings of government securities Current End-2018 offsets, to a degree, the benefits of its geographical diversification and weighs on its ratings. Source: Fitch Ratings Challenging Operating Environment: The operating environment suffers from below- potential GDP growth, elevated unemployment and a challenging regional environment. The Stable Outlook on the rated banks reflects our expectation that Jordan’s operating environment will be stable in the near term. Resilient Asset-Quality Metrics: Jordanian banks’ asset-quality metrics have been well maintained through economic cycles, supported by the banks’ conservative risk appetites. The sector’s impaired loans ratio is declining (4.6% at end-1H18) as banks continue to clean up their balance sheets from legacy impaired loans.
    [Show full text]
  • Central Bank of Jordan
    CENTRAL BANK OF JORDAN FIFTY THIRD ANNUAL REPORT 2016 RESEARCH DEPARTMENT Deposit No. at the National Library of Jordan 707 / 3 / 2002 Issued in September 2017 Central Bank of Jordan Press OUR VISION To be one of the most capable central banks regionally and internationally in maintaining monetary stability and ensuring the soundness of the financial system thereby contributing to sustained economic growth in the Kingdom. OUR MISSION Ensuring monetary and financial stability by maintaining price stability, protecting the value of the Jordanian Dinar and through an interest rate structure consistent with the level of economic activity thereby contributing toward an attractive investment environment and a sound macroeconomic environment. Furthermore, the Central Bank of Jordan strives to ensure the safety and soundness of the banking system and the resilience of the national payments system. To this end, the Central Bank of Jordan adopts and implements effective monetary and financial policies and employs its human, technological, and financial resources in an optimal manner in order to effectively achieve its objectives. OUR VALUES Loyalty : Commitment and dedication to the institution, its staff and clients. Integrity : Seeking to achieve our organizational goals honestly and objectively. Excellence : Seeking to continuously improve our performance and deliver our services in accordance with international standards. Continuous Learning : Aspiring to continuously improve practical and academic skills to maintain a level of excellence in accordance with international best practices. Teamwork : Working together, on all levels of management, to achieve our national and organizational goals with a collective spirit of commitment. Transparency : Dissemination of information and knowledge, and the simplification of procedures and regulations in a comprehensible and professional manner.
    [Show full text]