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 2022 1.9%
EBRD forecast for Jordan’s Real GDP Growth in 2023 2.5%
The Jordanian economy rebounded in 2021, helped by the gradual easing of health restrictions. GDP growth was 2.2 per cent, supported by strong performances in the mining and agriculture sectors, as well as in financial and business-related services. However, growth in other sectors, while positive, remained below pre-pandemic levels, with only a limited recovery in the tourism sector. In tandem, inflation continued to rise, particularly for energy and food, reaching 2.5 per cent year-on-year in March 2022.
GDP growth is forecast at just 1.9 per cent in 2022, as the implications of the war on Ukraine weigh on tourism and trade flows, and rising commodities prices dampen private consumption. In 2023, growth is expected to pick up to 2.5 per cent, as global headwinds ease, supporting stronger cross-border trade and a recovery in the tourism sector. Growth is expected to benefit from IMF-supported reforms in the medium and long term, but will likely remain moderate as the necessary return to fiscal discipline caps government spending, more so as the government is raising social spending in 2022 to mitigate the impact of the war on Ukraine. The main risks to the outlook include the erosion of real competitiveness stemming from an overvalued exchange rate, regional instability, and a possible slower-than-expected recovery in partner economies.