AMMAN – On
Thursday,
Finance Minister, Dr. Mohammad Al-Ississ, announced a new $1.2 billion
International Monetary Fund (IMF) program, constituting a vital financial
safeguard amidst regional challenges.
اضافة اعلان
During a
press conference at the
Ministry of Finance, he clarified that the program,
spanning four years with eight reviews, represents 270 percent of Jordan's
drawing rights. This
financial commitment, equivalent to 1.2 billion dollars,
provides a safety margin using Jordan's special drawing rights to address
unforeseen developments, the Jordan News Agency, Petra reported.
Eses
highlighted the program's ability to facilitate
low-interest borrowing globally, given the IMF's certification of Jordan's economic immunity and
stability. And he added that economic vision is integral to the program,
incorporating Jordanian-formulated structural reforms aligned with
modernization principles.
He affirmed
that the current accord is a robust indicator of Jordan's economic resilience,
meeting all
IMF requirements without imposing additional fees or taxes.
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