Developing Micro, Small and Medium Enterprises in Jordan : The Route to Shared Prosperity
The Arab uprisings and the global financial and economic slowdown have negatively impacted the Jordanian economy and highlighted demands for a more level economic playing field and equity in access to economic and social opportunities. Already challenged in providing jobs to the more than 60,000 youth who enter the labor market annually, Jordan has seen unemployment rising. Youth and women were most affected, with unemployment, reaching 22.8 percent and 22.3 percent, respectively. Moreover, regional disparities continue to pose additional challenges. Limited private sector jobs are available in the outlying governorates, where employment relies largely on the civil service and other public sector jobs. At the same time, the private sector is hampered by difficulties in the business environment and inadequate access to finance. Job creation and economic inclusion are key priorities for Jordan today these goals will be advanced by improving access to finance, enhancing competitiveness, and fostering sustainable, private sector-led growth.