In line with His Majesty's vision to build a strong and sustainable national economy, and consistent with the economic modernization vision that forms the comprehensive framework for growth and transformation in Jordan, the Cities and Villages Development Bank continues to fulfill its mission as a leading national institution dedicated to financing local development and enhancing the financial management efficiency of municipalities. It serves as the government's financial and technical arm in achieving comprehensive development across the Kingdom's governorates.
The bank was established to be the national center of expertise in municipal development finance and a cornerstone in supporting and empowering municipalities to implement their service and development projects. This is achieved through providing accessible financing and offering technical and advisory support, thereby contributing to increased institutional performance and improved quality of services provided to citizens. The bank continuously works to develop innovative financing tools that enhance municipalities' ability to achieve financial self-sufficiency and diversify their revenue streams, in accordance with the government's financial and administrative reform priorities and the economic modernization vision's focus on sustainable financing that meets future needs.
In line with national trends in digital transformation and smart management, the bank has achieved a qualitative leap in automating its operations and developing its electronic services, enhancing operational efficiency and transparency in its dealings with municipalities and citizens. The bank launched an integrated digital system encompassing electronic banking services and a smartphone application that allows for easy and secure transaction processing and financing inquiries. This system also includes a smart service evaluation platform that enables beneficiaries to instantly measure performance and service quality, supporting continuous improvement and customer satisfaction.
Furthermore, the bank developed a regional development observatory system to link municipal data within a unified database. This system contributes to evidence-based decision-making and the accurate and transparent analysis of financial, service, and development indicators. These efforts culminated in the bank receiving a national award in the field of government digital transformation, recognizing its leadership in accelerating the shift towards electronic services and adopting digital solutions in management and finance. This digital transformation represents a strategic step in the bank's modernization journey, contributing to the establishment of a smart, data-driven institutional environment for financial and development planning. It also reinforces the principles of efficiency and governance, aligning with the economic modernization vision that places digital transformation at the forefront of enhancing productivity, innovation, and institutional excellence.
In the context of global shifts towards sustainability and green transformation, the bank places great importance on integrating the environmental dimension into its financing programs. This is achieved by supporting projects that contribute to reducing emissions, improving the efficiency of natural resource use, and enhancing the climate resilience of municipalities. The bank also directs financing towards renewable energy and environmental resource management projects, in line with the Sustainable Development Goals (SDGs) and reinforcing the Kingdom's commitment to international climate agreements.
Recognizing the importance of comprehensive economic development, the bank continues its efforts to launch the Provincial Development Fund. This fund serves as a national tool to empower local communities to invest their resources, support small and medium-sized productive enterprises, and boost employment opportunities in the provinces. The fund is a practical embodiment of the economic modernization vision's pillars, which focus on employment, investment, and sustainability as key drivers of national economic growth.
The bank also places particular importance on building institutional capacity and human capital, believing that people are the focus and goal of development. With the expertise and professional commitment of its national staff, the bank has achieved significant milestones in project financing, improving the financial performance of municipalities, and strengthening its role as a national institution that integrates financing, sustainability, and digital transformation within a comprehensive development framework.
Throughout its history, the Cities and Villages Development Bank has proven itself to be the primary development partner for municipalities and a national institution contributing to building more sustainable and smarter cities and a more inclusive and balanced economy. Today, as we embark on a new phase of development work under the vision of economic modernization, we reaffirm our unwavering commitment to continued development and innovation, and to strengthening the bank's role as a smart and sustainable development financing platform that supports national policies and serves the economic and social development goals across the Kingdom.
Inspired by our wise Hashemite leadership, we affirm that the bank will remain committed to its national role, working collaboratively with its partners in ministries and national and international institutions to solidify a Jordanian development model based on efficiency, transparency, innovation, and sustainability, placing the service of the citizen at the heart of its priorities.
We pray that God grants us all success in serving our beloved nation under the blessed Hashemite leadership of His Majesty King Abdullah II bin Al-Hussein and His Royal Highness Crown Prince Al-Hussein bin Abdullah II, may God protect and preserve them.