USAID gives BearingPoint $69M contract for work in Jordan

BearingPoint will establish a program to spur economic growth in the Kingdom of Jordan under a new contract with the U.S. Agency for International Development, according to a company announcement.

The five-year contract is estimated at approximately $69 million. It is the firm's second recent contract from USAID to work with the government of Jordan. Earlier this year, USAID awarded BearingPoint a $14 million contract to provide technical assistance in the area of fiscal reform, with a focus on tax policy, tax administration and budget management.

The program is called Sustainable Achievement of Business Expansion and Quality (SABEQ). It is designed to cause economic growth and reduce poverty in the Middle Eastern nation by increasing the number of jobs available to Jordanians and enhancing the competitiveness of Jordanian firms, the company said.

The SABEQ program is primarily concerned with improving financial integrity, overseeing and broadening capital markets, expanding trade and investment, and removing government constraints that inhibit competitiveness.

“BearingPoint’s extensive experience in economic governance for a wide range of international economies will be a tremendous asset to this project,” said James Horner, senior vice president of BearingPoint's Emerging Markets practice.

BearingPoint said its Emerging Markets practice is active in approximately 60 countries, providing management, economic, and technology consulting services to developed and developing economies.