Movements·jordan_abdullah_economic_modernisation_2022_present

Jordan Abdullah II economic modernisation agenda

JOR·2022 – present·Hashemite monarchy with appointed governments under Bisher Khasawneh and Jafar Hassan

Leaders: Abdullah II ibn Al Hussein (King) · Bisher Khasawneh (Prime Minister, 2020-2024) · Jafar Hassan (Prime Minister, 2024-present) · Zeina Toukan (Minister of Planning and International Cooperation)

Doctrine — stated goals and content

Jordan's current reform agenda is palace-led economic modernisation rather than a party programme. It bundles a 2022-2033 growth and competitiveness vision, investment-environment legislation, and IMF-supported fiscal consolidation around the goal of raising employment, private investment, exports, and administrative capacity while maintaining the dinar peg and social stability in a resource-constrained monarchy.

Policy-content fingerprint — how the framework codes this movement on its axes

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product market competition

regulatory.product_market_competition

Product-market regulation, entry barriers, licensing burdens, network-industry regulation, price controls.

increased · moderate

more competition-friendly (lower entry barriers)

Vision and investment-law measures target private-sector entry, investor services, and competitiveness.

↑

sectoral subsidy

fiscal.sectoral_subsidy

Targeted industrial and sectoral subsidies (renewable energy, chip manufacturing, agriculture, green hydrogen, etc).

increased · moderate

expanded sectoral subsidies

Economic Modernisation Vision channels initiatives through sector drivers and public-private investment programmes.

↓

spending level

fiscal.spending_level

General government spending as share of GDP, excluding transfers already captured under fiscal.transfer_expansion to avoid double-counting.

decreased · weak

lower spending share

The 2024 IMF programme anchors gradual fiscal consolidation while protecting targeted social spending.

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rule of law

institutional.rule_of_law

Rule of law as institutional substrate — contract enforcement, judicial independence, equal treatment before the law. Upstream of most other axes.

increased · weak

stronger rule of law

Investment and IMF governance commitments strengthen rule-bound investor and public-finance processes.

Policies enacted

· jordan_economic_modernisation_vision_2022
· jordan_investment_environment_law_2022
· jordan_imf_eff_2024

References

Economic Modernisation Vision official portal: https://www.jordanvision.jo/en
IMF press release, Jordan Extended Fund Facility approved, 10 Jan 2024: https://www.imf.org/en/News/Articles/2024/01/10/pr2410-jordan-imf-exec-board-approves-eff-arrangement
Jordan Ministry of Investment, Investment Environment Law No. 21 of 2022: https://www.moin.gov.jo/

Notes

First Lane D tranche movement for zero-coverage JOR; kept at palace/government programme level to avoid party-label overclaiming.