Jordan Times Imf

November 01, 2020

The following is the text of the interview. In an interview with The Jordan Times Ismail said that the IMF-supported programme which was approved in March 2020 will continue to provide space and flexibility to the government to deal with the pandemic and mitigate its human and economic impact.

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On June 21 2017 the Executive Board of the International Monetary Fund IMF concluded the Article IV consultation 1 with Jordan.

Jordan times imf. The Income Tax Law which went into effect at the beginning of this year is part of fiscal reforms under the programme. In an interview with The Jordan Times Ismail said that the IMF-supported programme which was approved in March 2020 will continue to provide space and flexibility to the government to deal. Jordan has made significant progress since the 2014 Article IV Consultation but pressing challenges remain.

The International Monetary Fund said on Wednesday its board had approved a four-year 13 billion loan program for Jordan signaling confidence in the countrys reform agenda at a time it was. Completion of the review released Fund financing in the amount of around US148 million bringing total IMF disbursements to Jordan in 2020 to US689 million. On December 14 2020 the IMF Executive Board completed the 1 st Review under Jordans Extended Fund Facility Arrangement EFF.

Jordan and the IMF signed the 36-month programme in 2016 under which the two sides agreed on six conditions that aim at reducing public debt to safe levels and stimulating the economy. The list of IMF programmes extended to Jordan is a considerable one including the original 1989 Stand-By Agreement SBA worth SDR60000 and additional SBAs in 1992 SDR44400 2002 SDR85280 and 2012 SDR136m. AMMAN The Executive Board of the International Monetary Fund IMF on Tuesday completed the first review of Jordans performance under the programme supported by the Extended Fund Facility EFF according to an IMF statement made available to The Jordan Times.

3 Min Read AMMAN Reuters - Jordan has begun negotiations over a new three-year funding program with the International Monetary Fund IMF to stimulate growth that has been stagnant at about 2. Washington DC The Executive Board of the International Monetary Fund IMF today approved a 48-month arrangement under the Extended Fund Facility EFF with Jordan for an amount equivalent to SDR 92637 million about US 13 billion or 270 percent of Jordans quota to support the countrys economic and financial reform program. The funds will be allocated toward financing our general budget including health education and social support.

AMMAN An International Monetary Fund IMF team is proposing to bring forward into 2021 a part of IMF credit that was expected to be disbursed to Jordan in the outer years of the 13 billion. Jordans EFF program is borne out of a partnership between the Jordanian authorities and IMF staff and focuses on growth jobs and social safety nets. IMF Executive Board Completes Second Review Under the Extended Fund Facility for Jordan.

In an interview with The Jordan Times Ismail said that the IMF-supported programme which was approved in March 2020 will continue to provide space and flexibility to the government to deal with the pandemic and mitigate its human and economic impact. The IMF mission. This includes provision of US400 million of emergency financing in May under the Rapid Financing Instrument.

The Jordan Times is an independent English-language daily published by the Jordan Press Foundationsince October 26 1975. The Jordan Press Foundation is a shareholding company listed on the Amman Stock Exchange. Jordans commitment to continued gradual and steady reduction in the fiscal deficit is critical.

In remarks to the Jordan News Agency Petra Abbas said that the macroeconomic forecast for Jordan published in the October 2020 IMF World Economic Outlook which projected the real GDP growth for 2020 at -5 per cent is being revised in the context of the ongoing virtual staff mission for the first review of the Extended Fund Facility. The organisation also has followed up with EFFs in 1994 SDR189300 1996 SDR238040 and 1999 SDR127880. Get all the latest India news ipo bse business news commodity sensex nifty politics news with ease and comfort any time anywhere only on Moneycontrol.

The International Monetary Fund IMF has completed its second review of Jordans economy concluding that its outlook brings renewed momentum despite persistent challenges. MENAFN Jordan Times AMMAN Despite a challenging situation brought on by the coronavirus pandemic the government has achieved progress on key reforms notably in governance tackling tax evasion and enhancing the transparency of public spending International Monetary Fund IMF Resident Representative to Jordan Kareem Ismail said.

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