Tag: Budget

The IMF on Lifting Subsidies on Bread

IMF Opposes Lifting Bread Subsidies

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…

Jordan Moves to Kick-Start Growth and Pare Back Debt

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…

Merza Hussain Hasan, Regional Head of World Bank

Strong Support

The regional head of the World Bank says his organization stands ready to help Jordan meet its potential. As well as Jordan, Merza Hussain Hasan oversees World Bank projects in Bahrain, Egypt, Iraq, Kuwait, Lebanon, Libya, the Maldives, Oman, Qatar,…

investment

What Must Be Done

Economy of Jordan State When it comes to grappling with the perilous state of Jordan’s economy, there are many factors which are out of the government’s control. But there are modest steps it can immediately take to set the country…

Minister of Finance Omar Malhas on Jordan's Economy in 2017

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…

investment

The Next Budget

With its 2017 budget, the government has a golden opportunity to break with the past and present us with a more studied and transparent roadmap for our immediate economic future. The government is no doubt busy preparing its budget for…

KRISTINA KOSTIAL

Venture at 10: Kristina Kostial

Kristina Kostial, Former International Monetary Fund Mission Chief for Jordan Date of Interview: August 2015 To overcome persistent economic shocks, in 2012 Jordan successfully sought out a loan from the IMF in return for introducing a series of tough economic reforms….

investment

Setting Priorities

While it appears unenthused about taking the simple steps needed to create a sovereign investment fund, the government has been more than happy to burn through foreign aid and rack up debt with little or nothing to show for it….

Jordan Boosts Healthcare to Meet Demand

Progress on two new medical facilities, located in Irbid and Amman, could add much-needed capacity to Jordan’s health sector as it copes with rising demand for healthcare services. At the start of the year, the government began the pre-qualification process…

investment

Perhaps the Sky isn’t Falling

A rational evaluation of the state of the global economy is needed to counter the effect of the doom and gloom merchants causing jitters in markets. By Khalid W. Wazani Although in economic theory, prices are the main determinant of…