His Majesty King Abdullah on Saturday directed the government to draw up a clear 10-year blueprint for economic development.

In a letter to Prime Minister Abdullah Ensour, King Abdullah said the envisioned plan should result in a stronger economy, in both macroeconomic and monetary aspects, and ensure consistency, increased competitiveness and productivity, and self-reliance.

The ultimate goal, His Majesty said, is to achieve comprehensive development and ensure Jordanians a “decent living and hope for a better future”.

“This economic blueprint should have a comprehensive framework targeting the following: enhancing financial and monetary policies and assuring their consistency; improving economic competitiveness; enhancing values of high productivity and self-reliance to realise sustainable and comprehensive development,” the King said.

His Majesty added that the success of devising this blueprint hinges on adopting a participatory and consultative approach towards all stakeholders, namely governmental institutions, Parliament, the private sector, civil society organisations and local communities.

The blueprint should build on accumulated efforts and institutional studies, the King emphasised.

Full letter