KUNA : Jordan embarks on major drive for post-pandemic recovery – Economics – 05/02/2022 – Kuwait News Agency

KUNA : Jordan embarks on major drive for post-pandemic recovery – Economics – 05/02/2022 – Kuwait News Agency

(Subscribers: following KUNA's report as part of the economic file of the Federation of Arab News Agencies, FANA) 

Report by Seifeddine Sawalha AMMAN, Feb 5 (KUNA) -- Jordan has kicked off an ambitious drive to reform the national economy and recover from the fallout of the coronavirus pandemic which left a heavy toll on all walks of life.



To boost growth and rejuvenate the business-doing ecosystem in the Kingdom, the government has rolled out comprehensive and time-framed reform programs that are hoped to directly reflect on citizens through robust growth.



The ongoing reform effort is supported by King Abdullah II who has recently stressed in a public speech the need to propel economic growth, revitalize the public and private sectors and combat poverty and unemployment.



Jordanآ’s reform drive enjoys a multitude of levers, including a strategic geographic location, security and stability, and developed industries that retain foothold in 140 markets across the globe.



However, the Kingdom will have to overcome major hurdles slowing growth, including a turbulent neighborhood, the persistent ramifications of the pandemic and the burdens arising from hosting about 1.3 million Syrian refugees.



These challenges slowed down the