The three goals that ECSWA thinks the ME should prioritize
The 8th session of the Technical Committee on the Liberalisation of Foreign Trade, Economic Globalisation and Financing for Development in the countries of the ESCWA region opened in Amman on Monday, according to a statement received by The Jordan Times.
In the inauguration address, ESCWA’s chief economist, Abdullah Dardari, said there are three priorities that should be focused on in the coming stage.
These include developing infrastructure and increasing investment expenditures to create job opportunities and improve the investment climate, he indicated.
Studies conducted by the ESCWA recently revealed that the Arab region needs large investments in the infrastructure sector.
Economic studies forecast that investing $1 billion in infrastructure projects will create around 110,000 jobs in oil importing countries, 49,000 jobs in developing countries and 26,000 in Arab Gulf Council countries. Representatives of finance ministries and central banks of ESCWA member states as well as representatives from several concerned regional and international organisations are taking part in the session activities.