In Jordan we focus on:
Promoting economic inclusion across sectors by increasing access to finance for women, youth and other underserved groups; enhancing access to skills development; and increasing access to services and economic opportunities.
Further developing sustainable municipal infrastructure and green energy through improving performance, service delivery and sustainability of infrastructure; increasing renewable energy capacity; improving energy and resource efficiency and climate resilience; and enhancing institutional and regulatory support for sustainable energy and water use.
- Strengthening competitiveness and resilience by diversifying access to finance and fostering innovation. This includes strengthening the capacity of corporates and SMEs to grow and add value through improved business standards, greater integration in regional value chains and increased innovation; strengthening resilience through development of capital market and local currency financing solutions; increasing private sector participation; and improving the business environment.
The EBRD's 2018 Annual Meeting and Business Forum was held on the shores of the Dead Sea.
The EBRD’s Jordan strategy was adopted on 27 January 2020
EBRD forecast for Jordan’s Real GDP Growth in 2023 2.5%
EBRD forecast for Jordan’s Real GDP Growth in 2024 2.5%
Growth in Jordan reached 2.5 per cent in 2022, as acceleration in tourism was offset by slower growth in the mining sector. Inflation rose to 4.2 per cent in 2022, from 1.3 per cent in 2021, driven mainly by rising global food and energy and reflecting electricity tariff adjustments introduced in April 2022. Policy interest rate hikes (by a cumulative 425 basis points) mirrored the decisions of the US Federal Reserve. GDP growth is expected to remain unchanged at 2.5 per cent in 2023 as global headwinds linger and tight monetary conditions weigh down on private investment. Medium-term growth will depend on the successful implementation of the government’s “Economic Modernisation Plan” to attract foreign direct investment. In 2024, stronger structural reforms momentum, more accommodative monetary policy and recovering trade flows could support growth at 2.5 per cent. The main risks to the outlook include the erosion of competitiveness stemming from an overvalued exchange rate, potential disruption to global trade, regional instability and delayed implementation of structural reforms.