ammonnews.net

Ammon News - AMMONNEWS - On the eve of the London Initiative 2019 conference, Prime Minister Omar Razzaz Wednesday in London met with a number of representatives of investment funds specialized in investing in bond markets in developing countries.

Razzaz highlighted measures and legislation Jordan has introduced to ease business-doing, attract investments and reform the economy. He said Thursday's London Initiative 2019 conference, which aims at supporting Jordan's economy, provides an avenue for his government to present its economic vision and future priorities.

He also said that the London conference, which will see the participation of 60 countries, organizations, and international institutions, holds important political indications that reflect the world's interest in Jordan, and the significance of the Kingdom's role, under the leadership of His Majesty King Abdullah, as factor of stability in the region.

He stressed that the conference underlines an international recognition of Jordan's roles and the need to support the Kingdom.

The government, Razzaz added, is working with the World Bank to set up a 5-year matrix designed to spur economic growth and jobs.

Razzaz said that the government is focusing its effort at the regional level to increase exports, bolster intraregional trade, and exploit Jordan's location as a gateway to rebuild neighboring countries, as well as the free trade agreements with several countries and economic blocs.

He pointed out that Jordan's exports to Iraq amounted to around USD1 billion in the past, but declined to USD300 million in the last few years due to conflict Jordan's eastern neighbor had suffered from, emphasizing that trade and exports have started to improve pushed by recent agreements between Iraq and Jordan.