AMMAN — In a recent announcement Fitch Ratings (a leading
provider of credit ratings), has affirmed Jordan's Long-Term Foreign-Currency
Issuer Default Rating (IDR) at 'BB-' with a Stable Outlook.
اضافة اعلان
Minister of Finance, Dr. Mohammad Al-Issis, emphasized the
significance of maintaining Jordan's credit rating amidst regional
uncertainties, considering it a testament to the resilience of the Jordanian
economy. He underscored the need for ongoing measures to ensure financial
stability while safeguarding the middle class and avoiding
additional tax burdens on citizens, the Jordan News Agency, Petra reported.
Jordan's Credit Rating Holds Steady Amid Regional Challenges
Highlighting Jordan's commitment to fiscal consolidation,
Fitch predicted a decline in the general government budget deficit to 2.2% of
GDP (5.2% at the central government level) in 2023, compared to 2.7% in 2022.
Jordan's $1.2B IMF
deal unveiledMoreover, Fitch acknowledged Jordan's successful completion
of its seventh review under the
Extended Fund Facility (EFF), scheduled to
conclude in March 2024. The country also secured a Staff-Level Agreement with
the
International Monetary Fund (IMF) for a new four-year EFF amounting to
USD1.2 billion.
Read more Business
Jordan News
.jpg)
.jpg)
