The Managing Director of the International Monetary Fund, Kristalina Georgieva, confirmed that "Jordan responded very quickly to support the Jordanian economy to face the economic effects of the Corona crisis," explaining that "the financial measures that were taken came in a timely manner and helped protect workers in the public and private sectors, in addition to protecting of day laborers."
After her meeting with Jordan's Finance Minister Mohamad Al Ississ, and the Governor of the Central Bank of Jordan Ziad Fariz, she indicated that “the tax reforms implemented by the government aimed at addressing tax evasion, filling gaps and expanding the tax base, helped maintaining debt sustainability & supporting the great monetary stimulus at the same time, while preserving financial stability and adequate precautions."
Georgieva commended the strong progress in the economic reform made under the program supported by the International Monetary Fund, despite the significant challenges posed by the Corona pandemic.
She also emphasized the need for continued efforts to tackle high unemployment (especially among youth and women), strengthen electricity sector reforms, enhance business competitiveness, and strengthen governance and transparency to achieve sustainable, inclusive and rich growth in job opportunities.
Source (Ad-Dustour Newspaper-Jordan, Edited)
