Al Razzaz: Jordan Needs to Achieve 8-9% GDP Growth Rates to Face Current Challenges

Jordan Strategy Forum Encourages Following Up on London Conference Opportunities

تم نشره في Sun 21 February / Feb 2016. 06:20 PM

AMMAN—The Jordan Strategy Forum hosted a discussion regarding the economic challenges that face the Kingdom and the prospects of pursuing opportunities that arise internationally to secure funding and support efforts economic efforts.

The session was attended by Minister of Planning and International Cooperation Imad N Fakhoury, Chairman of Ahli Bank Board of Directors Omar Al Razzaz, and a number of foreign ambassadors, namely the United States and United Kingdom.

Minister Fakhoury stated that “the London conference can be a good opportunity to vitalise Jordan’s economy, should we make the best of this opportunity”.

On the Country’s economy, US ambassador to Jordan Alice Wells noted that Jordan exports to the US have increased 70 per cent due to the free trade area agreement, and emphasised that the States will continue to support Jordan against the current regional crises and their percussions on the Kingdom’s economy.

Notably, Al Razzaz stated that Jordan has to achieve a leap in GDP growth rates, from 2.6 to “8-9 per cent” in order be able to sustain and support the public sectors of education and health, as well as SME segments to keep the economy in motion.

On the London conference, he also highlighted the importance of pursuing the promising prospects of the London Donors Conference and their potential benefits in revitalising the Kingdom’s economy.