Tag: IMF

Minister of Energy Ibrahim Saif on Future Fuels

Jordan’s energy minister is convinced sun and wind power hold one of the keys to energy independence. By Dina al-Wakeel Decision makers seem to have finally realized that part of the solution to Jordan’s pressing energy challenge lies in diversifying…

Think Tank Questions Effectiveness of NEPCO Rescue Plan

A new Identity Center report has questioned the effectiveness of the National Electric Power Company’s (NEPCO) cost recovery strategy, after it found a recent round of electricity tariff hikes failed to drag the publicly-owned company out of debt, but led…

A Necessary Loan

As Jordan’s $2 billion dollar stand-by arrangement with the world’s lender of last resort comes to an end, the International Monetary Fund’s mission chief for Jordan Kristina Kostial said the Kingdom has by and large stuck to its promise of…

Omar Razzaz

Economic Reform: Are We on the Right Track?

As the government has learned from its deal with the IMF, ill-conceived economic reforms can often do more harm than good. By Khalid Wazani Economic reform is a process that should be evolutionary not revolutionary, gradual not instantaneous, comprehensive not…

IMF Says Jordan Wants Loan Extension

The International Monetary Fund said Jordan is seeking an extension to its three-year, $2 billion Stand-By Arrangement that expired earlier this month. “The (Jordanian) authorities have expressed interest in a successor arrangement with the fund,” Kristina Kostial, IMF’s mission chief…

GDP to Grow 4 Percent in 2015 – QNB

Despite a difficult regional context, the Qatar National Bank (QNB) Group said it expected Jordan’s real GDP growth to reach 4 percent over 2015, accelerate to 4.3 percent in 2016, and 4.5 percent in 2017. Jordan’s economy would continue to…

The New Income Tax Law: Who Wins and Who Loses?

The new Income Tax Law finally came into effect this year in an attempt to raise more government revenue. But what does it mean for individuals and businesses? By Jane Hosking Jordan’s long awaited, and debated, new Income Tax Law…

Let them Work

Syrians in Jordan could make a huge contribution to the Kingdom’s economy, if only we would let them. By Yusuf Mansur Jordan is hosting around 1.4 million Syrians, almost half of whom are registered as refugees. They can’t remain refugees…

Cash Subsidies Missing the Mark – Report

A significant number of poor Jordanian households are losing out because the targeting mechanism for the Kingdom’s cash subsidy program isn’t accurate enough, an Identity Center report said. The report by the development think tank found that the targeting method,…

Borrowing Smart

Borrowing can help an economy grow. But Jordan is taking on debt for all the wrong reasons. By Yusuf Mansur “Neither a borrow nor a lender be,” Polonius advised his son in Shakespeare’s Hamlet. But unlike the royal counselor, economists…