Jordan's $1.2B IMF deal unveiled

(File photo: Jordan News)
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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