(MENAFN- Jordan News Agency)
Amman, Feb. 19 (Petra) -- State Minister for Media Affairs Jumana Ghuneimat on Tuesday said a forthcoming London conference on supporting Jordan's economy is hoped to mark a watershed in Jordan's economic drive and help the Kingdom highlight lucrative and ambitious reforms it introduced over the past few years.
Ghuneimat emphasized that the key message that should be communicated to the public is that the government will not necessarily secure multi-billion pledges at the event, but will leverage the much-anticipated avenue to reassert that Jordan is an investment-friendly country and on the right path to seize current and prospective investment opportunities.
The minister, who is also the government spokesperson, was speaking at a meeting that brought together ministers and local media representatives who will be taking part in the conference dubbed "London Initiative 2019" slated for February 28.
State Minister for Investment Affairs Muhanad Shehadeh said the "London Initiative 2019" is designed to reinstate confidence in the national economy and underline its robust resilience against hardships resulting from the global economic crunch, the Arab Spring upheaval, protracted regional crises and disruption of natural gas supply from Egypt.
Shehadeh indicated that a matrix of economic reforms is underway to help boost the national economy's ability to absorb and withstand external shocks, adding that the government eyes service exports to rejuvenate economic growth.
The conference is set to tackle wide-ranging themes, including, but not limited to, linking the academic output with the country's labor market's actual needs, job generation, the shift towards export-oriented sectors such as consultancy, accounting and IT services, the minister noted.
Minister of Planning and International Cooperation Mary Kawar said donors and the private sector are closely observing Jordan's reforms and its approach to address public debt as well as its far-reaching objective of arriving at self-reliance.
She stressed that pursuing a prudent public debt management to ease off pressure on the state budget, arrive at monetary stability, reduce business-doing costs and expand the social safety network.
To that end, Kawar pointed, the government had shifted its focus on growth-inducing sectors; energy, water and transport, in addition to the recently-introduced insolvency law and unified government procurement.
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19/02/2019 21:07:27
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