29/09/2024

As part of the ongoing efforts and partnership between the Reform Secretariat at the Ministry of Planning and International Cooperation, the Companies Control Department, The Ministry of Industry, Trade and Supply, and International Finance Corporation (IFC) to strengthen Jordan’s insolvency framework, the sixth training course for certifying and licensing insolvency practitioners was successfully conducted during the last week of September. This initiative, supported by the Jordan Growth MDTF, featured a distinguished group of international experts and trainers.

The training focused on the principles and practices of insolvency, as well as the legal framework governing insolvency in Jordan and global best practices. The aim was to equip participants with the necessary skills and knowledge needed to effectively manage insolvency cases, thereby fostering a more resilient financial environment. This initiative aligns with the reform matrix by addressing key challenges identified in the insolvency sector and enhancing institutional capacity.

As a result of the training, insolvency practitioners gained a comprehensive understanding of insolvency laws and processes, significantly improving stakeholders' ability to manage insolvency cases.  Additionally, the course facilitated the creation of a network among participants, promoting ongoing support and knowledge exchange.