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Economy in Jordan

  • Jordan Economic growth despite challenges

    JORDAN, 2016/10/31 Economic increase rate in Jordan is subjected to forecasts from different local, Arab and international entities. They take on themselves the business of evaluating the current and next status of the economy and its likely increase rate. The end result is a variety of estimates and percentages ranging from 2 to 3 %. Part those interested in rating Jordan’s economic increase are: the IMF, which suggested that the rate will be 2.8 %; the World Bank, which put economic increase rate at 2.2 %; the Arab Fund, which went along with the international institutions; Oxford Economics, which suggested 2.8 %; and the Ministry of Finance, which in its preliminary presentation of the 2017 draft budget estimated increase to exceed 3 %.

  • Revised IMF forecasts signal gloom on global economic outlook

    AFGHANISTAN, 2015/01/20 Low oil prices will not provide a sufficient updraught to dispel the clouds hanging over the world economy, the International Monetary Fund said on Tuesday. In a sign of its increasing gloom about the medium term economic outlook, the IMF cut its world economic increase forecasts by 0.3 % points for both 2015 and 2016, despite believing cheaper oil represents a “shot in the arm”.

  • ASEZA annual profits jump by 18%

    JORDAN, 2014/09/02 he Aqaba Appropriate Economic Zone Authority (ASEZA) annual profits reached a total of JD39 million ($55 million) this year, jumping by 18 % compared to last year, company figures showed today. The company said that the rise in profit was down to improved collection measures of fees and financial obligations by concerned authorities in Aqaba.

  • Ms. Nemat Shafik, Deputy Managing Director of the International Monetary Fund (IMF)

    JORDAN, 2013/03/07 Ms. Nemat Shafik, Deputy Managing Director of the International Monetary Fund (IMF), made the following statement today in Amman at the end of her visit to Jordan: “It has been a pleasure to visit Jordan for the second time as Deputy Managing Director of the IMF. The IMF is supporting Jordan’s national economic program under a 36-month Stand-By Arrangement in the amount of SDR 1.364 billion (about US$2 billion, 800 % of quota), approved by the Executive Board on August 3, 2012 (see Press Release No. 12/288).
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