IMF Completes Second Review Of Jordan’s Economy Under 700-Million-USD Loan

AMMAN, Jordan, Feb 8 (NNN-PETRA) – The International Monetary Fund (IMF), said that, it had completed the second review of Jordan’s economy under a loan agreement worth 700 million U.S. dollars.

An IMF team visited Jordan’s capital, Amman, from Jan 27 to Feb 7, to discuss the country’s recent economic developments and reforms, supported by a three-year IMF Extended Fund Facility (EFF) arrangement, according to an IMF statement.

“Since the completion of the first review of the EFF, Jordan has continued to implement policies and reforms, to preserve macroeconomic stability and enhance the conditions for higher and more inclusive growth,” the statement said.

However, the country’s weak growth and investment remain insufficient to generate more jobs, as the unemployment rate stands at around 18 percent, it added.

Jordan reached the EFF deal with the IMF in 2016.– NNN-PETRA


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