Aug 25,2015

AMMAN — HRH Prince Hassan, president of the West Asia-North Africa Institute, on Tuesday stressed the importance of resilience, adaptation and readjustment as necessary tools for Jordan to address pressing challenges.

Delivering a speech at the Jordan Strategy Forum (JSF), the prince addressed the economic resilience of countries hosting Syrian refugees, noting that the plan Jordan has put forward to cover the needs of refugees has not received more than 10 per cent of the necessary funding, according to a JSF statement sent to The Jordan Times.

Prince Hassan also spoke about the demographic and economic consequences of the unexpected growth in population and its deep impact on infrastructure, water and food security, the statement said.

Achieving the envisioned economic and social transformation, he added, requires well-defined policies and programmes as well as an analytical database that ensures the efficient utilisation of human, natural and economic resources.

Jordan’s major challenge, the prince noted, is bridging the gap between education outputs and labour market needs.

He also underlined the importance of an unofficial economy and its effect on lifestyles, stressing the need to attract investments in light industries, the statement said.

Prince Hassan and the attendees discussed how to deal with the Syrian refugee crisis, the obstacles facing the private sector and means to turn challenges facing the economy into opportunities, the statement said.

Also speaking at the meeting, JSF Chairman Omar Razzaz said the forum is an initiative from the private sector to help create a strong national economy and a private sector that employs Jordanians, pays taxes, contributes to sustainable development and shoulders its social responsibility.

The forum is a nonprofit society composed of private sector companies and opinion leaders.
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