59% of employment in Jordan is informal—World Bank

(File photo: Jordan News)
AMMAN — A report issued by the World Bank on employment in the MENA region revealed that 59 percent of the total employment in Jordan is informal, and that 75 percent of private sector employment is also informal, AmmanNet reported Saturday.اضافة اعلان

Insurance expert Musa Al-Subaihi described the report’s numbers as shocking, asking, “Have the government and the Social Security Corporation. read the World Bank report on unorganized employment and what did they do about it?”

The report provided new evidence on product market regulations covering policies that encourage or discourage market competition in Egypt, Jordan, Kuwait, Morocco, Saudi Arabia, Tunisia, the UAE and the West Bank/Gaza allowing comparisons within the MENA region and also with 51 countries outside the region.

The report, published by last May, titled “Jobs Undone: Reshaping the Role of Governments towards Markets and Workers in the Middle East and North Africa” indicates another “shocking” fact, which is that 75 percent of Jordanian private sector employment is informal employment, said Subaihi.

“If this study is accurate, it means that the challenges before us are great, and that many of our studies and expectations were not based on correct foundations, and therefore were wrong,” Subaihi wrote on his Facebook page.

The report said that most of the region’s economies lack the ability to compete in the market, and one of the main reasons for this is the state-owned enterprises that play a dominant role and enjoy preferential treatment, in terms of taxes, financing and subsidies.

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