Jordan to negotiate a new IMF-funded program

International Monetary Fund. (File photo: Jordan News)
AMMAN — At a Cabinet meeting on Wednesday, August 30, Prime Minister Bisher Al-Khasawneh announced his objective to negotiate a new IMF-funded national program for economic reform, which aims to strengthen the national economy, meet financing requirements, and promote growth, Jordan News Agency, Petra reported.اضافة اعلان

During the meeting the Minister of Finance, the Minister of Planning and International Cooperation, and the Central Bank of Jordan Governor briefed the Cabinet on their recent visit to the USA, during which they met with the US Secretary of Treasury, chairman of the US Federal Reserve, officials in American Congress, and managing director of the International Monetary Fund (IMF).

Previous IMF programs
Khasawneh emphasized Jordan's achievements through the IMF's Sixth Review Under the Extended Arrangement Under the Extended Fund Facility, which helped improve the Kingdom's financial and monetary stability and prevent inflationary pressures that other oil-importing economies have faced and progressed Jordan in its ratings with international credit rating agencies.

He advised that Jordan should maintain cooperation with the IMF under the program developed by the relevant ministries and institutions, which will end in March 2024.

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