Tag: IMF

protests

Where Do We Go From Here?

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…

taxes

A streamlined approach to tackling Jordan’s economic challenges

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…

importers

Food producers and importers say tax hikes are hard to swallow

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…

tax

Tax Evasion Crackdown

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…

Investment Fund

Saving Ourselves

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 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…

Hala Zawati, CEO of the Jordan Strategy Forum

Jordan Strategy Forum: Working for Business

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…

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…

taxes

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…

IMF

Growth Against the Odds

Despite having to contend with regional turmoil and significant domestic challenges, the IMF’s Mission Chief for Jordan believes the Kingdom’s economy will keep expanding in 2017. By Dina al-Wakeel  It’s been a trying few years for Jordan’s economy. From raging…