Khaberni - The Central Bank and the Ministry of Finance signed a cooperation agreement to complete the launch of an electronic link with the Government Financial Management Information System (GFMIS) implemented in the ministries and government departments and the bank's systems; with the aim of automating the financial processes of the Ministry of Finance through the systems developed by the Central Bank using the public digital certificate system operating at the Central Bank.
The agreement stipulates that both the Central Bank of Jordan and the Ministry of Finance will develop a system that provides a comprehensive electronic linkage system with the Government Financial Management Information System (GFMIS) to execute cash transfer requests quickly, safely, efficiently, and effectively, which will contribute to improving the quality of services provided and increasing the satisfaction of service recipients.
The system will contribute to automating the services provided to clients of the Central Bank from the government sector and accomplishing them more swiftly than before due to their size, as the unautomated outgoing transfers for the government sector excluding salary transfers for the year 2024 amounted to about (3,350) transfer operations with a value of over (7) billion Jordanian Dinars, thereby enhancing institutional integration and saving time and effort.
For his part, the Deputy Governor of the Central Bank, Khaldoun Al-Washaḥ, explained that the goal of developing this link is to enhance the quality of the electronic banking services provided to the government sector, as the new system will enable better management of financial resources, provision of accurate and immediate data to support decision-making, in addition to enhancing financial control.
Furthermore, the Secretary-General of the Ministry of Finance, Salem Al-Qudah, clarified that this link will save time, effort, and money for individuals and institutions, ensuring a secure, fast, and regulatory-compliant money transfer process from ministries and departments that implement the Government Financial Management Information System. It will contribute to reducing human errors and the risks of losing or damaging checks, and gradually resolving pending issues.
