Finance Minister Mohammad Issis confirmed on Wednesday that the recent review of the International Monetary Fund (IMF) demonstrated that the government had successfully completed the requirements of the 7th review of its national financial and monetary reform program on time without delay.In his speech of the 2024 general budget, the minister added that this success confirmed that Jordan was exceptionally able to meet all the main objectives of the program.He explained that Jordan was able to reach an agreement with the IMF on a new financial and monetary reform program worth $1.2 billion, extending to 2028.Minister Issis pointed out that the program is based on several components, the basis of which are not raising taxes, enhancing capital spending, expanding the social protection network, not compromising the basic components of Jordanians, and protecting their incomes and livelihoods from any sudden future repercussions.The program aims to put public debt on a gradual decline path to reach about 79% of the Gross domestic product (GDP) by 2028, he noted.The program represents a great force of support for Jordan in these circumstances, and provides an unambiguous message to investors about the resilience and stability of the Jordanian economy in the face of external shocks, the minister stated. (ICE AMMAN)

Fonte notizia: ammoun news