Jordanian Finance Minister Muhammad Al-Ississ explained, "The stability of Jordan's credit rating in light of these turbulent economic conditions, it is an indication of the effectiveness of the Kingdom's health and economic response to the great challenge this pandemic poses to us. "
Al- Ississ affirmed that "work continues to benefit from the stability of this classification to support efforts for financial stability in Jordan, with the aim of reducing public debt and its service, and promoting economic reform in order to recover from the negative consequences of this pandemic," he stressed "the importance of relations with Jordan's partners in development, which provided the opportunity to obtain soft loans."
Al- Ississ expected that public debt levels will begin to slow down after 2020, as a result of the package of measures taken by the government to control the public financial situation, in light of the temporary decline in Jordan's financial performance.
The agency "Standard & Poor's" affirmed Jordan's sovereign credit rating, in the long and short term, in foreign and local currencies, at the level of "B + / B", with stable future outlook. It also expected the Jordanian economy to gradually recover and achieve economic growth of 2.5% during the period (2021-2023), despite the global economic slowdown.
Source (Al-Araby Al-Jadeed Newspaper, Edited)
