Jordan is currently facing difficult economic and social challenges. Growth rates have declined markedly and unemployment rates are high. Jordan’s official youth unemployment rate hovers around 30%, while 85% of Jordanian women are not participating in the labour force Government policy places Private Sector Development at the core of its strategy to address current economic and social tensions. The Jordan 2025, a ten-year economic blueprint, directed by His Majesty King Abdullah II identifies three major priorities: (i) addressing currently high levels of unemployment, particularly for women and youth, (ii) reducing poverty, which is concentrated in disadvantaged regions and (iii) increasing investment. Poverty and regional development for social and regional cohesion is a key theme of the Jordan 2025, and associated promotion of traditional and non-traditional business growth outside of Amman is identified as a priority, along with attracting inward investors located in the regions The SME and employment strategies are aligned with the Jordan 2025. The SME strategy emphasizes the important role that micro and small companies in Jordan must play in creating new jobs and generating increased per capita incomes, particularly for women and youth. The employment strategy also focuses on employment generation for youth and women; The EU proposed a € 45 M programme to support the development of the private sector in Jordan in line with the country strategies. The programme aims to increase incomes and employment; promote women and youth social economic inclusion, and facilitate economic development in disadvantaged regions This request for services concerns the formulation of the complementary TA of € 5 M to the budget support programme, and the guidelines for the call for proposal of the € 6 M project, which aims at improving technical and management capacity within SMEs. The objective of the assignment is to assist the EU Delegation in the formulation of these Term of Reference

Economic Development

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