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Jordan's new prime Minister withdraws fiscal reform that encouraged the wave of protests

Omar Al Razaz, an former economist at the World Bank, takes his first step in office

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Jordan's new prime Minister withdraws fiscal reform that encouraged the wave of protests

The first and most anticipated decision of new Prime Minister of Jordan, Omar Al Razaz, has not been kept waiting. After being appointed on Wednesday as chief executive, president has decided to withdraw this Thursday fiscal reform that encouraged wave of protests that has shaken country during last week, as requested by King Abdullah II. Faced with demands of thousands of demonstrators who returned to streets of Amman, this execonomist of World Bank assumes with this gesture challenge of placating public anger fuelled by an economic crisis that has overflowed after a tax reform that Impoverishes businesses and families.

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Despite change in Jordan's leadership, hundreds of people went ahead with a series of protests that had ir epicenter on Wednesday at headquarters of Jordanian government and prime Minister's residence. Razaz, educated at Harvard and who served as Minister of education previously, has begun this Thursday consultations in an effort to pave way to revive confidence. "The priority is to consult with deputies, Senate and trade unions, first on bill of income tax", Prime Minister declared to journalists after a meeting in parliament. "We will hold many meetings and, by end of today, we can achieve a clear vision of future."

"We have to take immediate steps to get back to right path," said leader, who hopes with his reaction to calmr Jordanians, who are committed to listen. Jordan has a large public debt and is pushing for consolidation measures ordered by International Monetary Fund (IMF), which include tax increases and subsidy cuts that have affected poorest and middle-class families.

The Arab country will ask IMF for more time to implement reforms after wave of protests showed that pushing country beyond its means could lead to instability, authorities said. "The priority of his Government should be to launch potential of Jordanian economy [...] To restore ir capacity for growth and offer employment opportunities, " monarch said in his letter of appointment to Razaz.


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