Amman – In Amman, His Majesty King Abdullah emphasized Jordan’s strength and stability, particularly in challenging times. During a meeting at Al Husseiniya Palace, which also included His Royal Highness Crown Prince Al Hussein bin Abdullah II, the King underscored the nation’s ability to grow stronger during crises.
According to King Abdullah, Jordan has demonstrated its capability to navigate through difficulties and continue building its economy, even under adverse conditions. He noted that the Kingdom’s resilience is bolstered by the support it receives from Arab and friendly nations. His Majesty called on representatives of the private sector to contribute ideas and solutions to bolster economic sectors affected by current conditions, highlighting tourism as a key area of focus.
His Majesty said that Jordan’s economic fortitude not only benefits its citizens but also supports the Palestinian people, reinforcing the notion that a strong Jordan is crucial for the region. He reaffirmed Jordan’s ongoing efforts to secure a lasting ceasefire in Gaza and to facilitate the delivery of humanitarian aid to both the Strip and the West Bank.
The King emphasized the importance of strengthening the partnership between the public and private sectors to overcome economic challenges and maintain growth in national investments. He also highlighted the need for economic and administrative modernization, despite the challenges faced.
The meeting also focused on the Aqaba-Amman Water Desalination and Conveyance Project, with the King urging the private sector to participate in its implementation. He emphasized the project’s significance for enhancing water security in Jordan.
Participants from the private sector at the meeting commended the Central Bank of Jordan’s policy for maintaining financial and fiscal stability. They expressed confidence in the strength and growth potential of Jordan’s economic sectors and stressed the need for protective measures, especially for tourism, in light of regional challenges.
Prime Minister Bisher Khasawneh reported on the national economy’s reassuring performance, with over 80% of the goals of the economic modernization plan achieved this year. He mentioned the government’s progress with the International Monetary Fund and plans to include significant capital investment in the upcoming state budget law.
Central Bank of Jordan Governor Adel Al Sharkas provided insights on the stability of Jordan’s monetary and fiscal outlook, citing the economy’s resilience to challenges and the strength of the Jordanian dinar. He forecasted a narrowing trade balance deficit and an increase in exports and remittances in the future. Sharkas also pointed out Jordan’s commitment to fiscal and monetary reforms, which has contributed to maintaining stability and registering one of the lowest inflation rates worldwide.
The meeting was also attended by various ministers and officials, highlighting the coordinated approach to address economic challenges and opportunities in Jordan.