Dubai, Feb. 11 (Petra) – Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, said that despite the regional challenges facing it, the Jordanian economy continues to demonstrate resilience and steady performance.
Georgieva, speaking at the Eighth Annual Arab Fiscal Forum on Sunday, highlighted that Jordan managed to navigate through increased public debt following the Israeli aggression on Gaza, attributing its success to prudent economic management and proactive strategies that have kept inflation rates relatively low compared to neighboring countries.
Responding to inquiries from the Jordan News Agency (Petra), Georgieva underscored the effective partnership between the IMF and the Jordanian government, citing the recent approval of a new $1.2 billion program.
She urged enhanced efficiency in revenue collection to alleviate public debt burdens, commending the government’s efforts in implementing electronic tax monitoring systems and streamlining tax collection processes, which are pivotal for advancing Jordan’s fiscal system.
Emphasizing the importance of sustained international support for Jordan amidst regional turbulence, Georgieva stressed that such backing is crucial for enabling the country to uphold its reform agenda, ultimately reflecting positively across various economic metrics.
Earlier, Jihad Azour, Director of the Middle East and Central Asia Department at the IMF, acknowledged Jordan’s economic resilience in the face of regional uncertainties, noting its ability to mitigate potential fallout from conflicts like the Israeli aggression on Gaza. Azour underscored the necessity for Jordan to adopt robust financial and monetary policies to mitigate risks associated with prolonged conflicts.
He highlighted the positive impact of Jordan’s recent partnership with the IMF, citing its role in activating economic and financial measures, bolstering public financial stability, and facilitating borrowing at favorable interest rates, all indicative of the Kingdom’s commitment to ongoing economic reforms and its steady progress in improving overall economic conditions.
//Petra// AJ
11/02/2024 15:27:36
Provided by SyndiGate Media Inc. (Syndigate.info).
News Related
-
Cloud computing experts, builders, customers, partners, and technology enthusiasts descend on Las Vegas to attend AWS re:Invent event that runs through December 1. Photo: AWS Amazon Web Services, the world’s biggest cloud services provider, has expanded its partnership with technology platform Clarity AI to help investors and consumers advance sustainable ...
See Details:
AWS and Clarity AI to use generative AI to boost sustainable investments
-
Manchester City players appeal to the referee after Ruben Dias’ effort is ruled out for a foul on Alisson Former referee Dermot Gallagher dissects the flashpoints from the latest round of the 2023/24 Premier League season including Manchester City’s disallowed goal against Liverpool and Manchester United’s penalty at Everton. Man ...
See Details:
Ref Watch: 'Enough' of a foul to disallow Man City goal vs Liverpool
-
-
All-rounder Hardik Pandya has been traded to his former franchise Mumbai Indians (MI) from Gujarat Titans with Cameron Green moving from Mumbai to Royal Challengers Bangalore (RCB), the IPL said yesterday. Five-time winners Mumbai got all-rounder Pandya back on his existing player fee of $1.8mn as teams prepare their wish ...
See Details:
Pandya returns to MI, Green goes to RCB
-
KYIV, 28th November, 2023 (WAM) — A winter storm lashed central and southern Ukraine, killing at least five people in Ukraine and three in neighbouring Moldova, with snow and high winds knocking out power to hundreds of towns and villages and shutting highways, Reuters reported. At least 19 people were ...
See Details:
Snowstorm kills eight in Ukraine and Moldova, hundreds of towns lose power
-
-
Empty jars of cream cheese, bottles of juice, torn clothes and scrap wood. These are just some items that double as eye-catching decor in Dubai resident Siddiqa Akhtar’s Furjan townhouse. A veritable upcycled haven, the Pakistani homemaker’s DIY space pays homage to her zero-waste lifestyle. Her creativity is evident from ...
See Details:
Inside a Dubai home with upcycled furniture and zero waste
-
-
Henry Turner of JESS Blues. Defending school champs JESS play a practice match against Dubai Hurricanes ahead of Emirates Dubai Sevens. The Sevens, Dubai. Chris Whiteoak / The National When Jumeirah English Speaking School claimed the Gulf Under-19s title at the Dubai Sevens for the first time 12 months ago ...
See Details:
No Antoine Dupont but Dubai still set to launch new era for sevens
-
Henry Turner of JESS Blues. Defending school champs JESS play a practice match against Dubai Hurricanes ahead of Emirates Dubai Sevens. The Sevens, Dubai. Chris Whiteoak / The National When Jumeirah English Speaking School claimed the Gulf Under-19s title at the Dubai Sevens for the first time 12 months ago ...
See Details:
Why ESG investors are concerned about AI
-
Henry Turner of JESS Blues. Defending school champs JESS play a practice match against Dubai Hurricanes ahead of Emirates Dubai Sevens. The Sevens, Dubai. Chris Whiteoak / The National When Jumeirah English Speaking School claimed the Gulf Under-19s title at the Dubai Sevens for the first time 12 months ago ...
See Details:
Your campsite can harm the environment
-
Henry Turner of JESS Blues. Defending school champs JESS play a practice match against Dubai Hurricanes ahead of Emirates Dubai Sevens. The Sevens, Dubai. Chris Whiteoak / The National When Jumeirah English Speaking School claimed the Gulf Under-19s title at the Dubai Sevens for the first time 12 months ago ...
See Details:
Mubadala, Saudi Fund deals on US radar for potential China angle
-
Henry Turner of JESS Blues. Defending school champs JESS play a practice match against Dubai Hurricanes ahead of Emirates Dubai Sevens. The Sevens, Dubai. Chris Whiteoak / The National When Jumeirah English Speaking School claimed the Gulf Under-19s title at the Dubai Sevens for the first time 12 months ago ...
See Details:
Abu Dhabi T10 season seven to kick off with thrilling double-header
-
Henry Turner of JESS Blues. Defending school champs JESS play a practice match against Dubai Hurricanes ahead of Emirates Dubai Sevens. The Sevens, Dubai. Chris Whiteoak / The National When Jumeirah English Speaking School claimed the Gulf Under-19s title at the Dubai Sevens for the first time 12 months ago ...
See Details:
Eight climate fiction, or cli-fi, books to consider before Cop28
OTHER NEWS
Fantic Stealth 125 and Imola Concept The Italian manufacturer’s sporty offerings are designed to appeal to the beginner segment. The 125cc segment, pretty much non-existent in the US market, is ...
Read more »
Valencia orange image Perspective from Roseane M Silva Master in Health Sciences, Bachelor in Nutrition · 7 years of experience · Brazil Possible Side Effects People who are allergic to ...
Read more »
Leading grocery delivery company Kibsons says it is already answering the call for greener production processes as food security and sourcing enter the Cop28 spotlight later this month. The UAE ...
Read more »
AMMAN — The government on Wednesday endorsed the draft general budget law for 2024 with estimated public revenues of JD10.3 billion, marking an increase of 8.9 per cent compared with ...
Read more »
AMMAN — The new forecasted capital expenditure for the fiscal year 2024 stands at JD73.317 million, according to the 2024 public budget draft law. The government allocated JD1.729 billion as ...
Read more »
AMMAN — The post World War I period marks the beginning of scholarly research in Jordan. During the British Mandate in Jordan, the Department of Antiquities in Amman was founded ...
Read more »
The Sharjah City Municipality has issued a set of guidelines for the use of cosmetic products in hair salons and beauty centres. The authority urges salons to stick to these ...
Read more »