Jordan overview

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Jordan city view

In Jordan we focus on:

  • Supporting sustainable energy through investments that promote energy efficiency hroughout the economy, the development of new sources of renewable energy and Jordan's transition to a liberalised, efficient and sustainable energy sector;
  • Direct and indirect financing of private enterprises in the corporate sector, with a focus on SMEs, improvements in the agribusiness value chain as well as energy and water use efficiency; all aimed at boosting the creation of high quality jobs, including for women to further develop a thriving private sector;
  • Promoting infrastructure reform and facilitating non-sovereign financing, where feasible. in order to develop efficient delivery of infrastructure services. Supporting PPPs and private sector participation in the infrastructure sector. The EBRD will also aim to support water and energy efficiency in the municipal sector.
  • We continue to cooperate with other IFIs, the EU and bilateral partners to ensure that our operations take full account of their work as well.

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

Jordan's policy response to the coronavirus crisis

The EBRD is monitoring Jordan's policy response to the coronavirus pandemic. Our biweekly publication identifies the major channels of disruption as well as selected impact and response indicators.

Learn more

EBRD forecast for Jordan’s Real GDP Growth in 2021 -1.5%

EBRD forecast for Jordan’s Real GDP Growth in 2022 2.2%

In 2020, the Jordanian economy contracted for the first time in 30 years due to the Covid-19 pandemic but the recession was modest when compared with regional counterparts. The authorities estimate that the economy shrank by 1.6 per cent, despite stricter lockdown enforcement than in comparable countries which suffered significantly stronger economic contractions.
 
The sectors of finance (insurance, real estate and business services) and agriculture were the principal sources of growth, but tourism, which had been the main driver of growth in recent years, declined by 76 per cent in 2020.
 
GDP growth is forecast to rebound to just 1.5 per cent in 2021, with the economy held back by the lingering effects of the Covid-19 pandemic, a sluggish recovery of tourism, and fiscal tightening to rein in the growing public debt.
 
In 2022, growth is expected to pick up to 2.2 per cent, as Jordan advances reforms and global tourism resumes. The main risks to the outlook include the erosion of real competitiveness stemming from an overvalued exchange rate, regional instability, and slower-than expected recovery in partner economies.
 

Jordan in the EBRD's 2020-21 Transition report

 

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