As for the private sector, the general business environment in Jordan has worsened compared to other countries, which requires extensive attention to improve the quality of the business environment in order to attract direct domestic and foreign investments. It is necessary to enforce the laws firmly, fairly and equally and achieve legislative stability with respect to the business environment. It is also necessary to focus on small and medium-sized enterprises, improve their access to finance, innovation and creativity, encourage their entrepreneurship, increase their competitiveness in local and export markets. On the macroeconomic level, the most important priorities include achieving economic growth and ve growth rates of about 3% in spite of the unfavorable regional conditions. Jordan has honored international obligations with regard to addressing the imbalances, particularly public spending and debt. However, challenges still lie ahead and require keeping up the pace of reform to achieve sustainable growth, which will positively affect all segments of society all over the kingdom. This section also evaluates the performance of the public sector and the improvements in indicators of transparency and integrity and addresses the restructuring of the public sector and the effectiveness of public service delivery; achievements and shortfalls have been reviewed and some policies and measures to improve the government performance have been suggested. ‘The second chapter reviews the new growth model that will enable us to achieve the goals and aspirations we hope to attain in 2025, the national development efforts that should be implemented and priority markets and sectors. It will demonstrate how to stimulate growth, achieve prosperity for Jordanians and determine required skills and resources, as well as reviewing the mechanisms for creating the enabling environment. This chapter also reviews two scenarios, the baseline scenario and the targeted scenario, depending on certain measures and initiatives on various sectoral levels, taking into account the internal and external factors. The difference between the “baseline” scenario and the “targeted” scenario is the expected range within which the value of the realized performance indicators which may fluctuate, that will be discussed in detail in the second part of this document. According to the targeted scenario, the document intend to achieve real economic growth rates of about 7.5% in 2025, at a rate of 5.7% within the vision period, while the baseline scenario aims to achieve an economic growth rate of 4.8%. With regard to poverty and unemployment, the targeted scenario aims to reduce poverty and unemployment rates to about 8.0% and 9.17% respectively, compared to about 10% and 11.7% respectively in the baseline scenario. The targeted scenario seeks to reduce the ratio of public debt to GDP to 47%, compared to about 60% in the baseline scenario. In this chapter, the vision identifies a number of clusters that have been determined through studies, analysis and consultation as priority high-potential clusters to stimulate economic growth and create job opportunities for Jordanians. The vision provides an analysis of the reality of these clusters and lentifies the initiatives and measures that should be implemented to develop them. These clusters include, for example, engineering industries and construction, health care and medical tourism, digital services and information technology, tourism and conferences and financial services. They are distributed between industrial and services clusters and they have proven their success in creating decent job opportunities for Jordanians, which can be rolled out throughout the kingdom. This was followed by a review of how to achieve growth, deepen reforms and identify the new foundations advocated by this document in preparation for a new start. This section includes direct recommendations that focused on reinforcing the rule of law, strengthening the role of institutions and encouraging the competition on all levels. It is also necessary to adopt a culture of excellence and adhere to international best practices. In the second part, all initiatives and measures in the various economic sectors were reviewed; these sectors are divided into four main groups according to the document: the government, the business sector, the society and citizens. The chapter also reviews the various sectoral indicators intended to be achieved in 2025 according to the proposed implementation phases. The review includes the policies and measures related to the targeted scenario and the results expected to be achieved during the expected implementation periods. @F% SAI

Select target paragraph3

Connect to a paragraph
Connect to an entity
Disable highlights
Add to table of contents