He said in a statement that the agreement is subject to the approval of the fund’s management and its executive board.
He added International Monetary Fund “Completion of this review will provide another $131 million of the previously agreed-upon program size of approximately $1.2 billion.”
Earlier this month, he predicted World Bank To slow down Jordanian economy Slightly in 2024, reaching 2.4 percent in 2024, due to the effects of the ongoing conflict in the Middle East on tourism, trade, transportation, and construction.
The World Bank said that the Jordanian economy showed continued resilience in 2023 and early 2024, as real GDP rose to 2.7 percent in 2023.
The World Bank explained that Jordan It continues its efforts to adjust public finances, and has succeeded in reducing the budget deficit to 5.1 percent of GDP in 2023. This decline is due to reduced expenditures, which compensated for the decline in revenues, especially tax revenues and foreign grants. The current account deficit also decreased, supported by a decline in the trade deficit and a rise in tourism revenues to record levels of 14.5 percent of GDP in 2023.
