In attempt to lessen dependence on fuel imports and create jobs in a nation suffering with high unemployment, Jordan embarked on a “Green Growth” approach which aims to tap into natural resources and imporve a sluggish 2.3 percent projected economic growth for 2017, the World Bank reported.
The World Bank’s Spring 2017 issue of the Jordan Economic Monitor, entitled “The Green Economic Boost,” reported the Government’s revised unemployment figure of 18.2 percent, that mainly affects women and youth.
According to the World Bank report, the nighbouring war in Syria and turmoil in Iraq are key factors behind the Kingdom’s commercial and trade lifelines.
However, the recent “Economic Growth Plan” aims to double economic growth over 2018-2022. In addition to the National Green Growth Plan which focuses on the energy, water, waste, transport, tourism and agriculture sectors.