In 2016 the Central Bank of Jordan (CBJ) issued two rounds of sharia-compliant sovereign bonds for the first time in the country’s history. The first offering, released in May 2016, used a murabaha ( cost-plus financing) structure and was valued at JD75m ($105.5m). The sale successfully attracted JD205m ($288.3m) in bids from investors...
Jordan is in the midst of ambitious fiscal and structural reforms that aim to consolidate financial stability and cut public debt after several years of economic slowdown. The past few years have seen GDP growth slide from more than 8% in 2007 to 3.1% in 2014. Although the IMF originally projected GDP growth would reach 3.5% in 2015, it...
Jordan’s King Abdullah II has publicly thrown his weight behind calls to strengthen the rule of law in the country, but while some view the effort as a necessary catalyst for fuller reform and democratisation, others have taken a more sceptical view. In October 2016 the king released the sixth in a series of discussion papers published since...
What strategy is being developed to grow self-sufficiency and reduce reliance on foreign aid?
The Hashemite Kingdom of Jordan is located in the heart of the Middle East, in a region that is often termed the Levant. Jordan’s neighbouring countries include Iraq to the east, Saudi Arabia to the south, Israel and Palestine to the west and Syria to the north. In total, Jordan covers 89,342 sq km of land and shares 1635 km of land border...
How will the country be utilising the financial support coming from the Jordan Investment Fund to maximise benefits for the kingdom?
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