Amman – Finance Minister Mohammad Issis outlined the objectives of Jordan’s new program with the International Monetary Fund (IMF), describing it as an “insurance policy” for maintaining the Kingdom’s financial and monetary stability amidst regional challenges.
According to Jordan News Agency, during a meeting with journalists and economic writers at the ministry’s headquarters, Issis explained that the program is valued at $1.2 billion over four years, representing 270 percent of Jordan’s drawing rights with the Fund. He emphasized the program’s role in providing low-interest borrowing options in international markets, with the backing of a certification from the Fund and international financial institutions on the strength and stability of the Jordanian economy. Issis also highlighted that the economic vision and structural reforms of the new plan are aligned with the country’s modernization vision.