• Economy

    OBG provides coverage of the major macro-economic trends within local economies, including GDP growth, government budgeting, public debt, balance of payments, monetary policy and long-term development strategies.
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Dubai is making moves to strengthen and diversify trade ties with Latin America, investing in infrastructure to facilitate investment in high-potential sectors.

Articles & Analysis | Jordan in brief: from The Report: Jordan 2018

Significant progress in implementing an IMF-backed reform agenda in 2016 marked a turning point for the economy, helping Jordan reduce its budget deficit and bring GDP growth in constant prices from a 25-year low of 2% in 2016 to 2.2% the following year. While the latter figure was still below target, the Jordan Economic Growth Plan 2018-22 aims to...

Articles & Analysis | Turning a corner: from The Report: Jordan 2018

Green practices and digital methods are in focus as Jordan moves ahead on a new mid-term economic development agenda with the aim of attracting new investment to support double-digit growth in manufacturing, electricity, water, transportation, ICT and construction. Combined with fiscal reforms, this strategy is expected to double GDP expansion by 2022, pushing the kingdom to...

 

Jordan has made significant progress in preserving macroeconomic stability and reducing the fiscal deficit in the past few years. However, on the back of continued efforts by the government to fulfil the stipulations of the $723m extended fund facility agreement with the IMF, the government may need to pursue more widespread reforms to...

 

How are Jordan Vision 2025 and the IMF’s Extended Fund Facility (EFF) programme progressing?

 

Since October 2016 Jordan’s King Abdullah II bin Al Hussein has spearheaded a series of reforms aimed at building a more effective and efficient judicial system. Reforms are expected to promote civil rights, boost the efficiency of the courts and strengthen the rule of law, which King Abdullah II described as an “essential requirement for a...