BriefingMiddle East & North Africa

Is Jordan on the Verge of an Economic Reckoning?

Protesters gather for a demonstration outside the prime minister’s office, Amman, Jordan, June 6, 2018 (AP photo by Raad al-Adayleh).
Protesters gather for a demonstration outside the prime minister’s office, Amman, Jordan, June 6, 2018 (AP photo by Raad al-Adayleh).
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At an investment conference in London on the last day of February, Jordan got what appeared to be a much-needed financial boost, with promises of assistance and loans totaling $2 billion. But for a nation whose economic challenges are likely to only intensify, with debt amounting to around 95 percent of its gross domestic product, the pledges were really just a drop in the bucket. Jordan has built a decades-old reputation as a kingdom of calm in an otherwise restive region. But its long reliance on that image of stability, underwritten by external support, may also be its undoing. Its […]

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