• Economy

    OBG provides coverage of the major macro-economic trends within local economies, including GDP growth, government budgeting, public debt, balance of payments, monetary policy and long-term development strategies.
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How is the government maintaining fiscal discipline in regards to repaying its IMF loans?

Jordan’s proximity to Iraq is of interest to the nation’s economic planners for obvious reasons. The troubled neighbour boasts proven oil reserves of 150bn barrels as of 2013, according to BP’s “Statistical Review of World Energy”, which are the third largest in the region, behind Saudi Arabia and Iran. With a population estimated by the World Bank at 33m, Iraq...

What impact could the $5bn Gulf Cooperation Council (GCC) grant have on the Jordanian economy?

The kingdom’s economic journey from its emergence as a new state in 1946 to the regional business and financial hub that it is today is a remarkable one. Over this brief span Jordan has undergone a number of developmental phases, from an initial focus on massive public investment in basic utilities, health and education to the growth of an industrial and manufacturing...

To what extent are you concerned by the seeming movement toward greater sectarianism within the region, in particular the rise of the Islamic State in Iraq and Al Sham (ISIS)?

Despite a challenging regional environment, Jordan continues to move ahead with the reform process it began over a decade ago. The process has focused on building consensus for reforms that are home-grown and sustainable, the results of which are starting to materialise. Jordan’s gradual and evolutionary approach aims to put in place an efficient system of checks and...

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