IMF expects Jordan’s inflation rate to decrease by 2.7%

Central Bank of Jordan CBJ
(File photo: Jordan News)
AMMAN — The governor of the Central Bank of Jordan, Adel Sharkas, said that the International Monetary Fund mission expects a decrease in the inflation rate in Jordan to 2.7 percent. اضافة اعلان

During a press conference on the IMF's sixth review, held on Wednesday, Sharkas said that Jordan's success in completing six economic reform reviews with the IMF on schedule reflects Jordan's commitment to advancing structural, qualitative, and sustainable economic reforms despite challenges in the global environment.

The IMF had previously emphasized the necessity of continuing structural reforms in Jordan.

Head of the IMF mission to Jordan, Ron van Rooden, confirmed reaching an agreement with the government on the necessary policies to complete the sixth review of Jordan's program supported by the Fund.

Rooden emphasized the need to build on the progress achieved in Jordan in the coming years with the goal of reducing public debt to below 80 percent.

He noted that Jordan managed to maintain the exchange rate of the Jordanian dinar to the US dollar after measures taken by the central bank, which helped to lower inflation rates.

High employment rates
He also mentioned that the Fund sees unemployment rates in Jordan as still high, especially among youth and women, which underscores the necessity of continuing structural reforms.

He believed that the reforms adopted by the Jordanian authorities are heading in the right direction, expressing the Fund's satisfaction with supporting Jordan's efforts in this regard.

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