Jordan

 

Jordan Seeks $1.4Bn IMF Loan Facility

Jordan is seeking to obtain a $1.4bn loan facility from the IMF to ease its tight public finances, Jordanian Minister of Finance Sulaiman al-Hafiz has said. The latest Jordanian government, which was formed in early May, has taken a number of austerity measures, including energy price hikes, subsidy cuts, and new taxes aimed at narrowing the budget deficit (MEES, 28 May). Mr Hafiz said that the funds would come...