jORDAN

 

IMF Finalizes $2Bn Standby Arrangement For Jordan

The IMF Executive Board on 3 August approved a $2.05bn standby arrangement for Jordan intended to give the country time to correct budgetary and balance of payments problems while maintaining social stability. The IMF noted that Jordan, which is facing “a series of economic shocks that have hurt energy imports, tourism, remittances, and foreign investment,” has drawn up a national program...