The Jordan Compact: One Year on
The Jordan Compact has no doubt helped the Kingdom better cope with the impact of the Syrian refugee crisis. But for it to truly live up to its promise, some changes will need to be made. By Shaddin Al Masri…
Tag: aid
Jordan Moves to Kick-Start Growth and Pare Back Debt
The government is looking to reduce its debt burden and jumpstart the economy through a combination of budgetary adjustments, a new medium-term economic strategy, and international aid agreements. In mid-May, the Cabinet announced its decision to cut this year’s JD8.8…
Throwing Good Money After Bad
The IMF continues to provide Jordan with huge loans. But it will be for nothing if the country doesn’t face up to the real problems holding its economy back. Around four years ago, Jordan signed up to a long overdue…
The Economy in 2017
Jordan’s Finance Minister, Omar Malhas, says the country will have to make some tough economic choices in 2017. By Dina Al Wakeel Jordan’s public debt now stands at almost 95 percent of GDP, and unemployment is running at around 16…
Cutting the IMF Chord
Having just signed up to yet another IMF assistance program, isn’t it about time we began relying less on the international lender and more on our own government to tackle deep-rooted economic problems? It took Jordan almost 16 years to…
Jordan GDP to Hit 3 Percent in 2016 – World Bank
The World Bank said Jordan’s GDP should reach 3 percent in 2016, up from 2.4 percent in 2015, which was the slowest pace of growth in four years. In its latest MENA Economic Report, the bank said the rise in…
Making the Pledges Count
Jordan was thrown a lifeline at February’s international donor conference for Syrian refugees. But for the billions of dollars pledged to make a lasting impact, they must be spent on genuine long-term economic development. By Osama Al Sharif We could all…
Let’s Capitalize on Cheap Oil
We could just sit on the huge savings we’re making from plunging oil prices. Or we could plough them into developing renewable energy sources that reduce our reliance on expensive and polluting fossil fuels. A quick calculation of the savings…
The Work Ahead for the ILO
The International Labour Organization’s newly-appointed regional chief has big plans to improve the lot of workers in Jordan over 2016 and beyond. By Rebecca Irvine With its mission to promote rights at work, encourage decent employment opportunities, enhance social protection,…
U.S. Seeking New Markets for Jordan’s Private Sector
US Ambassador to Jordan Alice G. Wells said she’s striving to open up new international markets for American and Jordanian firms based in the Kingdom. In a bid to encourage greater joint economic development, Wells said her government was working…