Market Competitiveness and Representation

The World Bank's Governance of Payment Systems report emphasized the importance of market competitiveness in the overall governance of a national payment system. This responsibility often lies with financial market regulators. JoPACC is a private sector entity jointly owned by the CBJ and the commercial banks operating in Jordan. Its decision-making body (the Board of Directors) represents the interests of the public sector (through the Central Bank of Jordan) and the private sector (the commercial banks). As a result, JoPACC's operations are geared towards increasing the private sector's competitiveness and attractiveness on a regional scale.