Tag: subsidies

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…

investment

Please, No More Stop-Gap Governments

If we are about to get another government sworn in, let’s at least have it filled with genuinely reform-minded experts who can tackle the long-ignored challenges facing our economy. By Khalid W. Wazani By the time this article sees the…

Power in Numbers

Oxygen Global Energy is offering Jordanian companies the chance to cut costs by grouping together to develop renewable energy projects. By Rebecca Irvine Oxygen Global Energy Cofounder Yazan Faouri says his company’s innovative business model, which brings companies together and…

What Cheap Oil Means for Us

On paper, record low oil prices should prove to be an economic bonanza for an emerging market energy importer like Jordan. But what’s the reality? By Dina al-Wakeel In 2011, just when it was trying to get back on its…

free parking

Public Transport in Amman: Bigger is Better

Amman’s population has reached 4 million, yet the city’s public transport network remains largely reliant on smaller vehicles. This is inefficient and requires an overhaul in the way people move about the capital. By Hazem Zureiqat Early in the second…

free parking

Why Subsidizing Public Transport Makes Sense

Public transport in Jordan faces a myriad of challenges, some of which are operational, while others are legal and legislative. A key challenge that’s often overlooked—or at least, until recently, not a part of the national discourse on transport—is the…

investment

Budget Expectations

Whatever the government unveils in next year’s budget, policy makers should produce an economic blueprint that balances realism with ambition. By Khalid W. Wazani The government is due to unveil the details of its 2016 budget next month. The experience…

investment

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…

investment

Wasted Youth

Jordan’s economy might be improving, but youth unemployment remains a pressing challenge. By Khalid W. Wazani Every six months, the World Bank publishes the Jordan Economic Monitor. The wide-ranging report provides a snapshot of how the Kingdom’s economy is performing…

Hotel Electricity Rate Cut: A Misguided Move

The decision to slash electricity rates for hotels won’t do anything to solve the crisis in Jordan’s tourism sector. By Jawad J. Abbassi Jordan’s tourism sector plays an important role in the Kingdom’s economy. According to the Ministry of Tourism…