Net foreign direct investment incoming to Jordan decreased by 9.1 percent, reaching about 621 million dinars ($875.8 million) compared to its level in the year 2018, where the net direct investment in Jordan was 683.4 million dinars in 2018, according to figures released by Jordan Central Bank.
The state of anticipation by investors, with the continuing tense political situation surrounding the Kingdom, has led to a decline in private investment coming from the Gulf and foreign countries.
The figures of the Central Bank of Jordan showed a decline in foreign exchange reserves in the first four months of this year 7.4% compared with its level at the end of 2019. The value of currency reserves at the end of last April was about 11.26 billion dollars compared to about 12.17 billion dollars at the end of 2019.
The International Monetary Fund, which last March approved a $1.3 billion program with Jordan, previously expected the kingdom's economy to grow by 2.1 percent in 2020 and gradually increase in the next few years to 3.3 percent.
Source (Al-Arabiya.net website, Edited)
