Firas Sultan, representative of the financial and banking sector at the Jordan Chamber of Commerce, affirmed that Standard & Poor’s decision to maintain Jordan’s long-term sovereign credit rating in local and foreign currency at BB- with a stable outlook reflects the strength and resilience of the Jordanian economy despite regional and international challenges.
اضافة اعلان
Sultan told the Jordan News Agency (Petra) that the decision boosts international institutional confidence in the national economy and sends a positive signal to markets and investors regarding the robustness of Jordan’s fiscal and monetary policies. He emphasized that macroeconomic stability, progress in economic and financial reforms, and ongoing international support have all contributed to maintaining the credit rating.
He noted that the report’s forecasts, indicating Jordanian economic growth of 2.6% this year, rising to 3.1% in 2027, serve as an important indicator of economic recovery, particularly with the revival of the tourism sector and increased trade with Iraq and Syria.
Sultan praised the role of the Central Bank of Jordan in implementing prudent monetary policies and effective measures to maintain banking sector stability, reinforce confidence in the financial sector, and ensure the stability of the dinar exchange rate, positively affecting inflation and monetary stability.
He also highlighted the expected decline in the consolidated budget deficit to 2.4% of GDP in 2025, compared with 2.8% in 2024, alongside a gradual decrease in public debt, as reassuring signs of improving public finance indicators supporting sustainable economic growth.
Sultan pointed out that the monetary policy linking the dinar to the U.S. dollar has proven effective in stabilizing prices and containing inflation, which S&P projects to remain at an acceptable 2% in 2025.
He concluded that these positive indicators give Jordan a strong boost in attracting investments and confirm that the national economy is steadily moving toward further growth and stability.
Standard & Poor’s announced the maintenance of Jordan’s long-term sovereign credit rating at BB- with a stable outlook.
