No 26



Jordan and IMF Agree On 2002-04 Reform Program

Jordan andthe International Monetary Fund (IMF) have agreed on a new reform program for2002-04 prior to the talks scheduled with the Paris Club in July. The newprogram aims to reduce foreign debt from the current level of 80% of GDP to 65%,to raise the economic growth rate to 6% in 2004 from the 5% forecast for 2002 andto maintain foreign currency reserves at above the $3bn level which was reachedfor the first time...