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Mr. Andrea Gamba
Jordan’s initiatives to reduce its energy dependency could have substantial macroeconomic implications, but will crucially depend on the level of international oil prices in the next decade. Significant uncertainties remain regarding the feasibility of the initiatives and their potential fiscal costs, including from contingent liabilities, could be very large. Given the lead time required for such major investments, work should start now on: (i) conducting comprehensive cost-benefits analysis of these projects; (ii) addressing the challenges arising from the taxation of natural resources; and (iii) designing a fiscal framework to anchor fiscal policies if revenue from these energy projects materializes.
International Monetary Fund. External Relations Dept.

IBRAHIM SAIF, former energy and mineral resources minister of Jordan, has been a vocal advocate for energy subsidy reform and for weaning his country off external sources of energy. In 2015, Saif helped craft Jordan’s Vision 2025, a 10-year blueprint for economic and social development that calls for raising the proportion of energy consumption met from local resources and increasing the share of renewables. Saif, who joined the Jordanian government at the tail end of the country’s massive energy subsidy reform, predicts that Jordan will be generating 20 percent of its energy through renewable sources by 2025.