Amman, Feb. 19 (Petra) -- Jordan has made substantial headway in delivering on its economic reform commitments, completing 82 percent of the measures outlined in its reform matrix launched in connection with the London Initiative conference.
Figures released by the Economic Reform Implementation Support Unit at the Ministry of Planning and International Cooperation show that 330 out of 403 pledged reforms have been finalized, with the remaining 73 currently being implemented.
Since its launch, the reform matrix has evolved in scope and structure. Originally built around nine pillars, it has been expanded to 12, reflecting a broader and more integrated approach to reform. The number of focus areas has also increased from 37 to 44, underscoring the government’s effort to address emerging priorities and deepen structural change.
The updated framework is closely aligned with the Economic Modernization Vision, incorporating 30 initiatives directly drawn from the reform matrix. This alignment ensures that reform efforts are not only procedural but also strategically tied to long-term national growth objectives.
Developed with technical backing from the World Bank and international development partners, the reform matrix was formally introduced at the London Initiative Conference titled "Jordan: Growth and Opportunity" in February 2019. Since then, it has served as a roadmap for strengthening macroeconomic stability, modernizing legislation, improving the business climate, and stimulating investment and exports.
Regarding progress by sector, data indicate varying levels of achievement. The agriculture sector recorded the highest completion rate at 100 percent, covering five reform areas and 23 measures, followed by the water sector at 91 percent across two reform areas and 23 measures.
In public finance, the completion rate reached 90 percent, covering three areas and 31 reform measures. The public sector efficiency enhancement pillar achieved an 89 percent completion rate across six reform areas and 46 measures.
Progress in improving the business environment reached 86 percent across three areas and 29 measures, while the labor market and skills development sector also recorded 86 percent completion, covering four areas and 44 measures.
The investment and export promotion sector achieved a 78 percent completion rate, encompassing six areas and 65 reform measures. The social protection enhancement pillar recorded an 82 percent completion rate, covering one area and 28 measures.
In the energy sector, the completion rate stood at 81 percent across four areas and 36 measures, while tourism reached 73 percent across three areas and 22 measures.
The transport sector recorded a 71 percent completion rate across four reform areas and 28 measures. The access to finance and capital market sector registered the lowest completion rate at 63 percent, covering three areas and 28 reform measures.
The reform matrix is subject to annual review to ensure responsiveness to shifting economic conditions and development priorities. The process includes consultations with government agencies, private sector representatives, development partners, and technical experts to maintain momentum and alignment with Jordan’s broader economic strategy.
//Petra//WH
