AMMAN — The
International Monetary Fund (IMF) forecast
that Jordan’s GDP will grow this year by 2.7 percent, following its forecast of
2 percent growth last year, according to Ad-Dustour.
اضافة اعلان
In a report, the IMF noted that precautionary measures and a
robust vaccination campaign have mitigated the effects of
COVID-19 variants on
the economy, and the recovery is supported by targeted fiscal and monetary
measures.
The report states that the Jordanian government made a huge
progress in implementing the structural reform agenda while also meeting most
structural criteria to help support recovery.
IMF experts have suggested
a more gradual course of fiscal consolidation in 2022, which remains consistent
with the downward trend of debt, noting that the government has submitted to
parliament a 2022 budget that corresponds with this approach.
The experts also suggested consolidating the
Aqaba Special Economic Zone Authority (ASEZA) and Customs Department with national regulations, as
well as reforming tax incentives for investment. According to the report, those amendments
will be reviewed in March 2022.
The report noted that the completion of the audit of these
proposals would result in the availability of approximately $335.2 million.
The report indicated that the government is working on
enhancing the adequacy and efficiency of the social security net by phasing out
temporary support programs, allocating more supplementary programs, improving
targeted methodology, moving towards full virtual payments, and facilitating
registration requirements for women.
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