AMMAN — The International Monetary Fund (IMF) annual report for 2023 indicated that the
available resources through the
Extended Fund Facility (EFF) program for Jordan
have been increased to 75.5 million
Special Drawing Rights (about $99 million).
اضافة اعلان
At the end of June last year, the IMF Executive Board
completed the sixth review of Jordan's program under the Extended Fund
Facility, allowing Jordan to withdraw an immediate sum of $32 million, Ammon
News reported.
With this funding, the total IMF disbursements to Jordan
under the Extended Fund Facility since the beginning of 2020 reached 1.3
billion Special Drawing Rights (approximately $1.735 billion), including the
purchase of 291.55 million Special Drawing Rights (about $390 million) in May
2020 under the Rapid Financing Instrument.
IMF on Jordan’s economy
The IMF said that the
Jordanian government has successfully
navigated recent external shocks, maintaining macroeconomic stability in an
"unstable and challenging" environment.
They anticipated that the
Jordanian economy will continue to
grow by 2.7 percent in the current year, despite "adverse global
winds."
The IMF also said that the Jordanian government remains
"committed" to gradually controlling expenditures in the coming years
to
reduce public debt to 80 percent of the GDP by 2028.
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