Looking ahead, policymakers must remain nimble as countries pivot from the immediate response to support the recovery and should act decisively to build stronger, more resilient, and more inclusive economies Dubai International Financial Centre (DIFC), a global financial centre and…
Following a wave of protests over IMF-driven austerity measures, the need to find a path out of Jordan’s economic morass has taken on a new urgency. By Dina Al Wakeel Photography by Ala’a Al Sukhni A western diplomat perfectly summed…
Last month’s cabinet reshuffle seems to finally acknowledge that tackling Jordan’s big economic challenges will require focused and unified strategizing. By Khalid W. Wazani One of the most important changes to occur in the latest cabinet reshuffle was the appointment…
Food producers and importers are worried about the impact recent tax rises will have on their sector. Tax revenues are growing at a slower rate than the GDP and that means trouble for the Jordanian economy. Public debt has…
Jordan is tackling its budget deficit by going after tax dodgers as well as reducing the basket of goods covered by subsidies. At the beginning of October, Prime Minister Hani al Mulki said new changes to the Kingdom’s tax code would…
Self-reliance is the key to pulling Jordan out of its economic rut. These are tough times for Jordanians and it’s no secret that what lies ahead will be even more difficult. HM King Abdullah’s sobering words last month underlined the…
The International Monetary Fund (IMF) said it doesn’t recommend lifting subsidies on bread in Jordan, a controversial step the government is considering in an effort to balance its budget. “The IMF does not recommend lifting bread subsidies and does not…
Five years since its creation, the Jordan Strategy Forum (JSF) is still advocating hard for Jordan’s business community. By Dina Al-Wakeel Established in the wake of the Arab Spring, the Jordan Strategy Forum helps the private sector engage in dialogue…
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…
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…