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Jordanian Government Approves Plan to Stimulate Economy | ASHARQ AL-AWSAT English Archive 2005 -2017
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Jordan’s King Abdullah II and Saudi Arabia’s King Salman bin Abdulaziz Al Saud review honour guards at the airport in Amman, Jordan March 27, 2017. REUTERS/Ammar Awad – RTX32WL9

Amman- The Jordan Economic Growth Plan (JEGP) – approved by the Jordanian parliament -aims at urging economic growth, enhancing economic condition as well as supporting investments and increasing revenues.

King Abdullah II chaired a meeting for the Economic Policies Council during which a 5-year plan designed to stimulate economic growth was launched.

JEGP aims at putting the Kingdom on the sustainable development trajectory and gradually lessening dependence on aid by relying on expanding economic and investment opportunities and building an economy capable of providing adequate employment opportunities for young people.

King Abdullah II emphasized that the plan must succeed and translate into better living conditions, urging an all-encompassing effort to realize the objectives of the plan, at the forefront of which are slashing public debt, providing employment opportunities and raising income levels.

“We don’t have any option to cut debt, uplift income levels and increase job opportunities but through implementing the programs and plans that we have devised in cooperation with the international community, Jordanian expatriates, businessmen and Arab and foreign investors,” the King said.

Prime Minister Hani al-Mulki said the government is fully committed to implementing the JEGP since it will help strengthen the resilience and flexibility of the national economy over the next five years.

Mulki noted that the government will work in cooperation with the Economic Policies Council to follow up on the implementation of the plan through holding periodic meetings every two months to examine what has been and what will be implemented.

The JEGP was formulated in a joint effort between the Economic Policies Council and relevant government agencies. A successful implementation by the government will double the economic growth of Jordan over the next five years, reduce debt, provide jobs and raise income.