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When you give to Building Markets, you are investing in a data-driven approach to change that is evidence-based and scalable. Your support helps Building Markets deepen impact where we work, enter new global markets, and spur job creation where it matters most.
A Challenge and an Opportunity
The ongoing conflict in Syria has severely disrupted Jordan’s economy and regional trade – with annual growth far below the average achieved pre-crisis. The country also now hosts one of the largest refugee populations, per capita, in the world. As a result, limited resources are stretched thin and joblessness is significant. An already elevated unemployment rate has risen to 23% in Q2-2020 compared to 19.3% in Q1-2020 (World Bank).
At the same time, refugees have brought new skills to the market, spurred consumer demand, boosted consumption, and attracted investment. This year, the economy is also expected to benefit from an increase in exports, remittance inflows, and tourism.
Building Markets plans to scale its work in Jordan by: