Asian stocks slip on Thursday    Oil prices drop slightly on Thursday    Gold price rise on Thursday    US cuts China tariffs to 47%    Egypt urges ceasefire in Sudan as EU denounces RSF brutality after El-Fasher's capture    Al-Ahram Chemicals invests $10m to establish formaldehyde, derivatives complex in Sokhna    Finance Ministry introduces new VAT facilitations to support taxpayers    Egypt to launch national health tourism platform in push to become Global Medical Hub by 2030    Kuwaiti PM arrives in Cairo for talks to bolster economic ties    Omar Hisham Talaat: Media partnership with 'On Sports' key to promoting Egyptian golf tourism    CBE governor attends graduation ceremony of Future Leaders programme at EBI    Counting Down to Grandeur: Grand Egyptian Museum Opens Its Doors This 1st November    Egypt, Medipha sign MoU to expand pharmaceutical compounding, therapeutic nutrition    Egypt establishes high-level committee, insurance fund to address medical errors    In pictures: New gold, silver coins celebrate the Grand Egyptian Museum    Pakistan-Afghanistan talks fail over militant safe havens    Sisi expands national support fund to include diplomats who died on duty    Egypt's Foreign Ministry voices appreciation for Sisi's gesture for diplomats who died on duty    Al-Sisi reaffirms Egypt's commitment to religious freedom in meeting with World Council of Churches    Egypt joins high-level talks in Riyadh to advance two-state solution for Palestine    Health Ministry outlines medical readiness for Grand Egyptian Museum opening 1 Nov.    Madinaty Golf Club to host 104th Egyptian Open    Egypt becomes regional hub for health investment, innovation: Abdel Ghaffar    LG Electronics Egypt expands local manufacturing, deepens integration of local components    Egypt medics pull off complex rescue of Spanish tourist in Sneferu's Bent Pyramid    Egypt Open Junior and Ladies Golf Championship concludes    Treasures of the Pharaohs Exhibition in Rome draws 50,000 visitors in two days    Al-Sisi reviews final preparations for Grand Egyptian Museum opening    Egypt's PM reviews efforts to remove Nile River encroachments    Al-Sisi: Cairo to host Gaza reconstruction conference in November    Egypt will never relinquish historical Nile water rights, PM says    Al-Sisi, Burhan discuss efforts to end Sudan war, address Nile Dam dispute in Cairo talks    Syria releases preliminary results of first post-Assad parliament vote    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Jordan's PM reshuffles cabinet to soothe anger over poor economy
Published in Ahram Online on 25 - 02 - 2018

Jordan's Prime Minister Hani Mulki reshuffled his cabinet on Sunday and appointed the king's chief of staff as his special deputy for economic affairs in an apparent bid to soothe widespread anger over rising hardship and flagging growth.
Mulki's reshuffle, his sixth since coming to power in May 2016, comes three days after hundreds of protesters in the city of Salt, 30 km west of the capital Amman, demanded his resignation and called for the Jordanian king to force the government to roll back price hikes and end high-level corruption.
Earlier this month Mulki avoided a vote of no-confidence in parliament after deputies sought to bring down the government over the price hikes that raised taxes on most consumer and food items and some fuel items. This was followed by a doubling of the prices of subsidised bread.
Jafar Hassan, chief of staff of the office of Jordan's King Abdullah, takes up the post of deputy Prime Minister for economic affairs, a role that had been left vacant in Mulki's previous cabinet.
Hassan, a former Harvard educated planning minister, will be leading the ministerial team overseeing a tough three-year program agreed with the International Monetary Fund of long delayed structural reforms to cut public debt to 77 percent of national output GDP by 2021 from 94 percent now.
Earlier this year, Mulki imposed steep IMF-mandated tax hikes to cut rising public debt that have hit incomes of ordinary Jordanians, causing his popularity to plummet.
Finance Minister Omar Malhas kept his job in the reshuffle.
Ayman Safadi, a long-time adviser to the royal family, who took up the post for the first time early last year and has been leading the kingdom's talks with Washington over its Middle East policy remains as foreign minister.
Politicians and economists say the tough fiscal consolidation plan and the price hikes, the widest in range in recent years, worsen the plight of poorer Jordanians.
Removing subsidies has triggered civil unrest in the past. Unlike previous hikes, only a few scattered protests have taken place, but slogans carried by demonstrators in the rally in Salt were the most critical so far.
"We will wage an intifada (Uprising) until prices go down. There are limits to our patience," protesters chanted. Some indirectly blamed the monarch. On Friday the authorities sent gendarmerie reinforcements to Salt.
The government has said cash transfers to low income citizens had mitigated the impact of price rises.
In recent years Jordan's economic growth has been hit by regional conflicts weighing on investor sentiment and as consumer demand generated by Syrian refugees staying in Jordan has receded, according to the IMF.
Real GDP was revised downwards to 2 percent in 2017 about one percent lower than anticipated at the start of the IMF program and was expected to hover around 3 percent, almost half the levels it attained a decade ago.


Clic here to read the story from its source.