Event reports
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The ongoing conflicts in Syria and Iraq have aggravated the economic situation in Jordan. On the one hand, this is related to the large number of Syrian refugees in Jordan, which constitutes a significant burden for the resource-poor country, particularly on the municipal level. On the other hand, it stems from the fact that trade between Jordan and its two neighboring countries, Syria and Iraq, has come to a complete standstill due to the border closures. Hence, Jordan has not only lost two important import-export markets but also transit trade, connecting Lebanon and Turkey to GCC markets, which has suffered significantly. So far, however, concrete alternatives have not been found. This contributes to a further weakening of the domestic Jordanian economy, which remains heavily dependent on external sources of funding, mainly from Saudi Arabia and the United States.
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