Jordan Plans to Replace High-Cost Debt with Cheaper Alternatives

Finance Minister Abdel-Hakim Al-Shibli confirmed that the ministry aims to replace high-cost debt with lower-cost options to reduce the financial burden on the public treasury and create opportunities to fund developmental projects.اضافة اعلان

Al-Shibli emphasized the government’s commitment to lowering the debt trajectory and reaching 80% of GDP by 2028.

During discussions on the draft budget with the Parliament’s Finance Committee, he highlighted that Jordan’s Public Debt Department is considered one of the best in the Arab region, according to the International Monetary Fund (IMF).

He also stressed that the ministry maintains the highest standards of transparency in publishing public debt data, working in partnership with the IMF to provide detailed, real-time reports.