Creating Markets in Jordan : Volume II, Sector Assessments - Country Private Sector Diagnostic
The Jordan Country Private Sector Diagnostic (CPSD) is a joint International Finance Corporation (IFC)-World Bank report that highlights the constraints as well as the opportunities facing the private sector in Jordan. It considers three sectors—to...
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| Format: | Report |
| Language: | English English |
| Published: |
Washington, DC
2022
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| Online Access: | http://documents.worldbank.org/curated/en/099930208092261056/IDU01b0131340d96e0448c0a5e30f7807399da4f http://hdl.handle.net/10986/37877 |
| Summary: | The Jordan Country Private Sector
Diagnostic (CPSD) is a joint International Finance
Corporation (IFC)-World Bank report that highlights the
constraints as well as the opportunities facing the private
sector in Jordan. It considers three sectors—tourism,
logistics, and information and communication technology
(ICT) - and the potential they offer for greater private
sector contributions to the Jordanian economy, as well as
the obstacles that they face from general or sector-specific
policies and regulations. The CPSD also offers concrete
recommendations to address some of these constraints.
Although this report was largely prepared prior to the
COVID-19 outbreak, its analysis and recommendations remain
as, if not more, valid in the context of the pandemic and of
an eventual recovery. A dynamic and resilient private sector
is necessary if Jordan is to break the low-growth,
high-unemployment trajectory it finds itself in today. The
CPSD argues that tackling some of the major obstacles facing
the private sector is essential to firm performance,
investment, and productivity. These actions are as critical
in times of crisis and especially afterwards to pave the way
for a vigorous and sustainable recovery. Similarly, the
sectors assessed by the CPSD continue to hold promise for
the country. The pandemic has underscored the important role
that digitalization, a strong ICT infrastructure, and
supportive services have in creating a resilient economy and
business continuity. E-commerce and logistics capabilities
and services are an area put forward by the CPSD as an
opportunity for Jordan in the coming years; they have boomed
during the current crisis and are expected to be one of the
post-pandemic growth sectors. Conversely, tourism, which had
been experiencing a strong rebound in Jordan over the past
few years, is one of the sectors hardest hit across the
globe by the COVID-19 crisis. In Jordan the sector accounts
for about 19.2 percent of gross domestic product and 32
percent of exports. Crafting a strategy that effectively
addresses the many obstacles that prevent the tourism sector
from attaining its potential is a necessary investment for a
strong recovery - and a good use of what is likely to be a
transitional period until travel re-commences. |
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