Anani suggests CBJ pumps JD1b into economy to offset inflation

jawad anani
Former deputy prime Minister Jawad Al-Anani. (File photo: Jordan News)
AMMAN — Former deputy prime Minister Jawad Al-Anani said Sunday that the Jordanian economy has been affected by a number of political factors over the past decade, stressing that the Kingdom’s total external debt amounted to JD15 billion, the Jordan News Agency, Petra, reported.اضافة اعلان

In a lecture organized by the Middle East Institute for Media and Political Studies in cooperation with the Jordanian Association for Political Science entitled “The Jordanian Economy in a Changing Environment”, Anani said that the Central Bank of Jordan (CBJ) should consider pump-ing JD1 billion from its reserves into the economy to offset the repercussions of inflation that are hitting many countries, especially in the aftermath of the war in Ukraine.

He said that injecting this amount into the country’s economy could be part of a plan to provide financial grants to projects that would create job opportunities for young people, provided that project owners match such amounts.

Anani warned of the danger of corruption in all its forms, pointing out that the spread of corruption occurs among junior employees who provide services in some public institutions, a matter that requires attention without limiting it to the senior or middle leadership of these institutions.

In response to a question about the presence of oil in the Kingdom, Anani said that studies have proven that there is no oil in commercial quantities, despite extensive exploration by the Ministry of Energy.

He explained that Jordan is “a highly sensitive country” because its economy depends on foreign donors, it borrows from abroad, is dependent heavily on aid, and its main export is manpower.

Anani added that there is still no accurate data on the Kingdom’s unemployment rate while the number of foreign workers remains unclear.

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