Razzaz, EU official discuss means to address Jordan's financial challenges

Jordan

Published: 2019-06-26 13:10

Last Updated: 2019-06-26 14:32


Razzaz, EU official discuss means to address Jordan's financial challenges
Razzaz, EU official discuss means to address Jordan's financial challenges
Petra News Agency Source

Prime Minister Omar Razzaz and a ministerial economic team and the EU Commissioner for Neighborhood Policy and Enlargement Johannes Hahn and an accompanying delegation have met in Amman to follow up on the 2019 London Initiative and the Brussels III Conference aimed at helping Jordan grapple with economic challenges.

The meeting emphasized the importance of supporting Jordan's reformist trajectory and the policy matrix for the next five years, which includes economic reforms to create job opportunities for Jordanians and achieve sustainable development.

Razzaz commended Jordan's partnership with the EU and international finance institutions, valuing the aid that has been provided to the Kingdom over the course of the last period to augment the country's ability to rise up to the challenges and strengthen the economy in light of regional upheaval.

He highlighted the reforms carried out by Jordan, primarily as part of the policies matrix of the next five years "Matrix of Development and Job Opportunities" that is expected to have a positive impact on the growth rates and job creation.

The Prime Minister noted that Jordan is looking forward for more cooperation with the EU and international institutions to find mechanisms that would implement the pillars of the matrix.

He said that the most pressing challenge facing the Kingdom is related to high unemployment rates, as the government works on providing the suitable environment to lure in investments that would help address the issue.

Razzaz noted that the energy sector in Jordan has imposed new challenges on the national budget, pointing out to the importance of tackling these challenges and laying a roadmap in cooperation with all concerned parties.