Arab Today, arab today imf welcomes progress in jordan economy
Last Updated : GMT 10:51:48
Arab Today, arab today
Arab Today, arab today

IMF welcomes progress in Jordan economy

Arab Today, arab today

Arab Today, arab today IMF welcomes progress in Jordan economy

IMF
Washington - KUNA

The International Monetary Fund welcomed Jordanian authorities' "commitment to, and progress in, implementing their economic program" despite increasingly difficult regional environment, including spillovers from tragic situations in Syria and Iraq.
"Building on strong performance this year, we reached a staff-level agreement on the fifth review under the SBA (Stand-By Arrangement) and on reducing the number of remaining reviews under the program; the outstanding disbursements will be distributed equally across those reviews," Kristina Kostial, IMF mission chief for Jordan, said in a statement issued by the Fund Sunday.
The agreement is subject to approval of the IMF Executive Board, which is scheduled to consider the review next month. Board approval would make available to Jordan about USD 129 million.
"Jordan's economy performed well during 2014," Kostial said.
Helped by a recovery in mining and better activity in the tourism and utilities sectors, growth stood at three percent year-on-year in the first half of the year, she noted.
With a further slowdown in food prices, headline inflation dropped to 2.7 percent year-on-year in September, she said. The current account deficit continues to narrow significantly, the banking sector remains robust, and financial markets are stable, she said.
"The economy is expected to gradually strengthen," Kostial said.
Growth is projected to increase to 3.3 percent in 2014, and to 4.5 percent in the medium term, she said, while inflation is expected to decline to 2.9 percent at the end of 2014, and two percent in the medium term.
"The current account deficit (including grants) would continue to substantially improve to less than four percent of GDP (Gross Domestic Product) in the outer years of the medium term, mostly reflecting a lower energy-import bill," she said. "Risks to this outlook remain high, mostly related to the Syria and Iraq conflicts."

 

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today imf welcomes progress in jordan economy Arab Today, arab today imf welcomes progress in jordan economy

 



Arab Today, arab today
Arab Today, arab today Fadi Kataya explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Messi visit will contribute in tourism

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Zainab al-Maliki reveals herTV presenter models

GMT 18:12 2017 Friday ,24 February

Zainab al-Maliki reveals herTV presenter models

GMT 05:20 2017 Thursday ,23 February

WTO ratifies first multilateral trade deal

GMT 21:36 2017 Wednesday ,22 February

Opec needs to prolong cuts to eliminate surplus

GMT 16:32 2017 Wednesday ,22 February

US Treasury chief tells IMF to monitor currencies

GMT 16:08 2017 Wednesday ,22 February

Qatari banks merger to rebalance financial sector

GMT 05:57 2017 Wednesday ,22 February

Britain risks clash with EU over RBS bailout

GMT 05:26 2017 Wednesday ,22 February

Singapore carbon tax would hit refiners, help renewables
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Actress Lobna Abdel Aziz proud of her career

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday