AGP Executive Report
Last update: 10 hours agoWorld Bank Upgrade: Jordan has been reclassified as an upper-middle-income economy in the World Bank’s FY2027 income classifications, effective July 1, after revised national accounts showed the economy is about 10% larger than previously estimated; the update lifts Jordan’s Atlas GNI per capita to $5,260 (from $4,430), placing it above the $4,636 threshold. Agriculture Exports Support: The Agriculture Ministry says 19 companies exported agricultural products under the government’s export support programme, with total support topping JD1.059 million and about JD5,200 allocated for maritime freight; the scheme has directly benefited more than 500 farmers and includes 50% air-freight and 25% maritime-freight subsidies. SME & Procurement Debate: A commentary highlights how Jordan’s public procurement (estimated at 8%-10% of GDP) could be used to expand local supplier bases, especially SMEs that make up nearly 90% of companies but receive only around 12% of bank financing. Innovation for Startups: Propeller’s Kernel Camp has graduated five MENA AI and deep-tech startups (including Jordan’s FirstFlow) from its eight-week Silicon Valley residency, with a second cohort already in preparation. Tech & Identity in Banking: BIO-key showcased passwordless and biometric identity solutions at a Jordan banking cybersecurity workshop in Amman on July 6.
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