Jordan

 

IMF Approves $2Bn Stand-By-Arrangement For Jordan

The International Monetary Fund (IMF) announced on 25 July that it had reached an agreement with Jordan to provide it with a $2bn three-year stand-by-arrangement to help the kingdom deal with the negative fallout from the Arab spring. The agreement will be subject to approval by the IMF’s Executive Board, and is expected in the near future. An IMF statement noted that “Jordan’s...