Top officials at 'Post-COVID-19 Jordanian Economy' conference highlight lessons from pandemic, areas for reform
Date
9/25/2021 11:18:42 PM
(MENAFN- Jordan Times) AMMAN — Attending the“Post-COVID-19 Jordanian Economy” conference, Lower House Speaker Abdulmunim Oddat said on Saturday that the Kingdom has learned a lot since the outbreak of the pandemic, the Jordan News Agency, Petra, reported.
The COVID-19 pandemic has enabled Jordan to“differentiate between available logistic potential and the real potential required for crisis management”, Oddat said.
He added that the pandemic, despite its catastrophic threats, is not the only crisis facing the world. He also referred to the climate challenge, the scarcity of water and food supplies, the imbalance in regional and international powers, and the fluctuating global economic and financial systems as crises that“will create more chaos”.
MP Khalid Abu Hassan, head of the Lower Chamber's Economy Committee, called for supporting the private sector as a pillar in the recovery of the economy and the public life.
Abu Hassan added that the public sector will be suffering and unable to generate jobs and provide sustainable development, which points to the importance of private sector cooperation.
The lawmaker pointed out that the economic sector is currently facing the problems of high freight costs and unprecedented rates and increases in raw material prices, which have led to higher production costs and contributed to market recession.
He called for alleviating this recession through lowering fees and customs taxes through redirecting the energy subsidy's surplus to the private sector.
Social Security Investment Fund (SSIF) CEO Kholoud Saqqaf said that the fund has faced many challenges resulting from several companies' closures, which affected the SSIF's investments.
Saqqaf said that the fund's total assets exceeded JD12 billion in the first half of 2021 compared with JD11.2 billion during the same period of 2020. He added that SSIF income has witnessed a 24.5 per cent growth to JD313 million until the end of June 2021 compared with about JD215 million in the January-June period of 2020.
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