Since 2011, Jordan has experienced a series of external shocks that have compounded with certain longstanding structural weaknesses, including high deficits, a significant reliance on volatile foreign aid, a complex business environment, and inclusiveness challenges even during periods of growth, exemplified by low labor market participation and employment (in particular among women and youth). As a result, growth and macroeconomic variables have deteriorated in recent years.
Over the past ten years, Jordan has had success pursuing structural reforms in education, health and privatization, and liberalization. In addition, the Government of Jordan has been introducing social protection systems and reforming subsidies, creating the conditions for public-private partnerships in infrastructure and making tax reforms, including tax administration and management. However, the country faces important challenges. Regional tensions and their recent extension to Iraq and Syria are weighing down on the Jordanian economy through a widening trade deficit and weaker investor confidence. High unemployment and dependency on remittances from Gulf economies are an additional threat to economic stability. Finally, Jordan faces daunting short-term challenges due to the spillovers from the Syrian conflict.
- Lack of government engagement and regulations.
- High level of taxes.
- Corruption and work ethics problems.
- Legal and political uncertainty.
- Financial dependence on international donors.
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The SOLID Platform is a project leaded by EL SPACE Social Innovation Hub and Co-Financed by the EUErasumsPlusProgramme. This Project will gather change-makers from Tunisia, Egypt, Romania, Jordan, Turkey, Austria, and Macedonia and will be the beginning of a fruitful collaboration to drive change towards an effective and inclusive global community of social innovators.
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