Breaking News:
Breaking News:
The thirtieth Conference of the Parties (COP30) is currently being held in Brazil, at a global moment marked by accelerating climate disruption and growing pressures on the world’s most vulnerable countries. As world leaders gather in Belém to discuss the planet’s future, Jordan this year offers a tangible and sobering example of what climate change truly means for resource-limited nations.
Jordan is currently witnessing a wide and public debate about the level of public debt, following the government’s announcement that its total had reached about 46.7 billion Jordanian dinars by the end of last August 2025, equivalent to nearly 119% of the country’s GDP.
Jordanian officials, economists, certain political parties, and international financial institutions have long repeated the argument that the key to Jordan’s economic success lies in letting the private sector take the lead in steering the national economy.
In recent times, gold prices have witnessed an unprecedented surge, exceeding the usual increases typically associated with economic cycles or short-term financial concerns.
In recent times, gold prices have witnessed an unprecedented surge, exceeding the usual increases typically associated with economic cycles or short-term financial concerns.
Although Jordan has achieved in recent years a measure of monetary and fiscal stability, built comfortable reserves, and strengthened its ability to meet its obligations to creditors, these gains have not come without clear economic and social costs. The IMF’s restructuring programs, and the accompanying fiscal austerity policies, have given the economy confidence signals and contributed to stabilizing macro indicators, but they have left a harsh social impact on the living conditions of wide segments of people.
The world witnessed a new step taken by the United States Federal Reserve a few days ago, consisting of a reduction in the interest rate by 0.25 percentage points. Although this reduction appears limited in scale, its potential repercussions are much broader, especially given the complexity of the current economic landscape and the interconnection of multiple influencing factors.
This year, Jordan’s Income and Sales Tax Department began implementing the e-invoicing system, marking a significant shift in the country’s tax collection framework. The new system aims to enhance transparency and reduce opportunities for tax evasion by documenting commercial and service transactions in a direct and organized manner and linking them electronically with the tax authority. This measure has long been demanded by experts and advocates of tax reform, who see it as a key tool for achieving fairness and addressing distortions in the existing tax system.
For more than fifteen years, the Jordanian economy has been trapped in a state of chronic stagnation, primarily driven by weak domestic demand, which in turn stems from limited household and institutional consumption. Insufficient purchasing power among families and institutions undermines production, constrains opportunities for economic growth, and leaves the country stuck in a closed cycle of slowdown and high unemployment.
Germany’s recent decision to halt arms exports to the Israeli occupation state—if they could be used in its war on Gaza—has sparked wide debate in political and human rights circles. While it represents a shift, albeit a limited one, in German policy, it came far too late, after the genocide in Gaza had reached unprecedented levels: more than a quarter of a million casualties between dead and wounded, control over more than 70% of the sector’s land, complete destruction of infrastructure, and the use of starvation as an openly declared weapon of war.
TOP STORIES
Editor's Picks
