Jordan Economic Monitor, Fall 2021 (En route to recovery)


Jordan Economic Monitor, Fall 2021  (En route to recovery)

General Background about JEM (Jordan Economic Monitor):

“The Jordan Economic Monitor provides an update on key economic developments and policies over the past six months. It also presents findings from recent World Bank work on Jordan. The Monitor places them in a longer-term and global context and assesses the implications of these developments and other changes in policy on the outlook for Jordan. Its coverage ranges from the macro-economy to financial markets to indicators of human welfare and development. It is intended for a wide audience, including policy makers, business leaders, financial market participants, and the community of analysts and professionals engaged in Jordan.”

Monday, 16th of December, 2021 from 11:00 – 12:30 PM – Amman Time 

Join the live broadcast on JSF YouTube Channel

Event Agenda 


H.E Mrs. Nesreen Barakat 

Mrs. Barakat is the founder and managing director of To-Excel Consulting. An innovative boutique company that was established in 2006 to provide evidence-based services in the fields of strategic planning, socio-economic development, and recovery, as well as monitoring and evaluation.

Mrs. Barakat has more than 25 years of professional experience in the areas of economic and social development, working with government, international organizations, civil society, and the private sector in Jordan. She is currently a Member of the Central Bank of Jordan Board of Directors, and a Member of the Board of Trustees of Jordan's National Center for Human Rights (NCHR).

Earlier, she served as a Minister of Social Development, Minister of Public Sector Development and General Director of the National Aid Fund. She was also a City Council Member of Greater Amman Municipality.

Mrs. Barakat was awarded the Forbes 200 most powerful Arab women in 2014. She holds an MBA degree from Durham University Business School in the UK, and B.Sc. degree in Computer Science from the University of Jordan. 


Dr. Saadia Refaqat

Is Sr. Country Economist for World Bank Jordan Before coming to Jordan, she was working as Sr. Country Economist for the World Bank in Pakistan. She has previously also worked for International Monetary Fund, Pakistan and Washington DC. She bring with herself, fifteen years of experience of working as a development and macro-economist. She is a graduate of Williams College, USA (Master’s in Development Economics) and University of Bath, UK (Doctorate in Economics) and recipient of prestigious scholarships including Fulbright scholarship for graduate studies and Commonwealth Scholarship for doctorate studies.


Ms. Holly Benner

Ms. Benner has over 15 years of experience promoting development solutions for countries facing complex transition and reform, conflict, and forced displacement challenges.

Ms. Benner, a United States national, joined the World Bank in 2009 as Project Coordinator for the 2011 World Development Report on Conflict, Security and Development.  She has since held various positions, including Senior Operations Officer with the Fragility, Conflict and Violence Group where she served as Program Manager for the US$240 million State- and Peacebuilding Fund, Korean Trust Fund for Transitions, and United Nations-World Bank Partnership Trust Fund. 

Most recently, Ms. Benner has served as Senior Social Development Specialist in the Social Sustainability and Inclusion Global Practice for Eastern Europe and Central Asia.  In Ukraine, she has led preparation of the World Bank’s first investment in conflict-affected Eastern Ukraine, ‘Eastern Ukraine: Reconnect, Recover, Revitalize Project’ (US$100 million). In Turkey, she has co-led the ‘Social Entrepreneurship, Empowerment and Cohesion in Refugee and Host Communities in Turkey Project’ (US$46 million). Ms. Benner has also led regional programs in Central Asia that combine energy infrastructure investments with community-based development.  She has contributed to programs that promote citizen engagement, youth employment, inclusive service delivery, and gender across the region.

Prior to joining the Bank, Ms. Benner worked with the Brookings Institution, U.S. Department of State, U.S. Agency for International Development, and various non-governmental organizations.  At Brookings, Ms. Benner managed a Project on transnational threats and reform of the multilateral system. At U.S. Department of State, she authored an interagency conflict assessment methodology and served as a Conflict Advisor in the U.S. Embassy in Kathmandu, Nepal. While with Seeds of Peace, she led dialogue programs for youth from conflict regions including the Middle East, Cyprus, and the Balkans.

Ms. Benner holds a Master’s Degree in Conflict Resolution and Post-Conflict Peacebuilding, Development Economics, and Comparative Political Analysis from the Fletcher School of Law and Diplomacy at Tufts University; and a Bachelor’s Degree from Colorado College.

H.E Dr. Adel Al Sharkas

By Royal Decree, H.E. Dr. Adel Al-Sharkas was appointed as Deputy Governor of the Central Bank of Jordan on April 1st, 2012. Dr. Al-Sharkas held several positions at the Central Bank of Jordan (CBJ), where he started his career as an Economist in February 1991. After that, Dr. Al-Sharkas moved to the USA, where he received his Ph.D. in 2002. In the same year, he was appointed as an Assistant Professor of Financial Economics at Alfred University, New York. In 2006, he was promoted to Associate Professor of Financial Economics at the same University. Dr. Al-Sharkas rejoined the CBJ in June 2006 as Head of the Monetary Affairs Division at the Research Department. In 2009, he was promoted to Deputy Executive Director and then to Executive Director for the Research Department late 2011. During his tenure at the Research Department, Dr. Al-Sharkas actively led the task force that worked on monetary policy formulation, and on providing consultancy and recommendations on issues relevant to the financial and economic stability. He also made extensive contributions, within the CBJ's mandate, as an Advisor to the Government on various economic policies. Dr. Al-Sharkas also represented the CBJ in several national and international events. Dr. Adel Al-Sharkas is the Chairman of the Board of Directors of Jordan Mortgage Refinance Company, Vice Chairman of the Board of Directors of Jordan Deposit Insurance Corporation, and head of the financial Services team and the coordination committee member of Jordan Vision 2025 . At the Central Bank of Jordan, he is the Chairman of the Credit Facilities Committee, the Vice Chairman of the Investment Committee and the Human Resources Committee, and a Member of the IT Steering Committee. Dr. Al-Sharkas research papers have been published extensively in several popular academic journals, and he lectured in economics and finance to Ph.D., master and bachelor students at Jordanian universities and several other academic institutions. Dr. Al-Sharkas holds a Ph.D. degree in Financial Economics from the University of New Orleans, USA, a master’s degree in Applied Statistics and Financial Economics from Yarmouk University, Jordan, and a bachelor’s degree in Applied Statistics from the same University. (Detailed Resume)

H.E Mr. Jamil Mujahed

Jamil Mujahed is a senior engineer with 30 years of experience in road transport and safety, he has a wide experience in road transport and traffic safety management and institutional issues.

Jamil’s career commenced with the Ministry of Interior/Public Security Directorate where he gained experience of road traffic safety. He served as a Head of Vehicle Safety Division at Driver and Vehicle Licensing Department, Director of Jordan Traffic Institute, and the Director of Traffic Department. He moved to private sector as Director of Youth Road Safety Fund and then as Chairman and General Manager of Jordanian Syrian Land Transport Company.

In 2008 Jamil appointed as Director General of Public Transport Regulatory Commission in Jordan, and in 2010 appointed as Director General of Land Transport Regulatory Commission until 2014.Jamil was appointed as a Minister of Transport in Jordan in 2017, then he worked as an advisor for General Transport Authority in Saudi Arabia

He is working now as a General Manager for JARA Transport Consultancy provides transport and traffic advice to both public and private sector. He is a member of different associations and societies (Jordan Engineering Association, Jordan Society for the Prevention of Road Accidents). He has been member and chairman of various national and international steering and working groups within transport policy and road safety.


Dr. Ghazi Al-Assaf

He received his PhD degree in Economics from Swansea University, UK. He is currently Associate Professor of Economics at Business Economics Department/ The University of Jordan. He is on a Sabbatical leave in Joan bin Jasem Academy for Defense Studies. He was also working a Directing Staff at the Royal Jordanian National Defense College. His teaching and research interests focus on Macroeconomics, Applied Econometrics and Economic Development. He is constantly evaluated among the top 5% of all professors in Business School for his outstanding teaching. In 2016, he appointed as the Assistant Dean for Students Affairs at the School of Business / University of Jordan. From 2013 to 2015, he was working as the Head of Business Economics Department at the School of Business / University of Jordan. During the summer of 2013, Dr. Al-Assaf was granted Erasmus Mundus Scholarship for academic staff, as a visiting scholar at Sapienza University of Rome. In the summer of 2018 and 2019 he was also granted Erasmus+ scholarship as a visiting professor at Jagiellonian University, Poland and Izmir University of Economics, respectively.

Dr. Alassaf has published a number of scientific papers and books in the field Economics of workers’ remittances, financial development, and labour market in prestigious journals including Applied Economics Quarterly, and Jordan Journal of Economics Sciences. His research interest is in Applied Economics, especially in the areas of Macroeconomics Economic Development, International Remittances, Financial and labour Economics. Dr. Al-Assaf has also been involved in various consulting projects at international level including The World Bank, UNDP, ESCWA, and the Economic Research Forum. While at national level: Social and Economic Council, National Centre for Human Resources Development, and Queen Rania Foundation.









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