While the public sector continues to play a prominent role in Jordan, the privatisation process that has been successfully implemented for over two decades, has seen a surge over the past 18 months. Jordan’s economy continues to grow with the support of development financial institutions - such as the World Bank and the European Bank for Reconstruction and Development (EBRD) - despite the regional security environment. This is reflected in an accumulative portfolio of projects worth over U.S. $1 billion.

Impact

  • Jordan’s privatisation success is based on a clear strategy, a strong reformist agenda that is fully supported by the government, the provision of the appropriate procedures for its implementation, and a high degree of transparency through the privatisation process.
  • Despite its economic and regional challenges, Jordan’s stability is reflected in the way the political elite has responded to these challenges - ostensibly by implementing a highly successful privatisation programme that sets a model for the wider region. Currently, Egypt is looking to adopt Jordan’s energy policy reforms in order to deal with its own political and financial instability.
  • Jordan’s stability has been applauded by its political allies, such as the U.S., and it has paved the way for an increase in foreign investment from a number of development financial institutions (DFIs) and private investors, who consider Jordan a viable partner within the turbulent MENA region.