The Board of Directors of the International Monetary Fund revealed that Jordan has successfully completed the second review of the extended financing program after achieving all public financial goals. The Executive Board of the IMF approved the second review of the “Extended Fund Facility” in Jordan.
The Jordanian Ministry of Finance noted that the Fund's approval of the second review of Jordan indicates confidence in Jordan's reform momentum and financial stability. The ministry indicated that Jordan has implemented reforms in the field of government revenue management aimed at enhancing and sustaining them in a more equitable manner by combating tax evasion and closing tax evasion loopholes instead of raising or imposing any new tax burdens.
The data of the Jordanian Department of Statistics showed that the Jordanian economy grew in the first quarter of this year by 0.3 percent, compared to a contraction of 1.6 percent in the previous quarter. The World Bank expects the Jordanian economy to grow by 1.4 percent this year.
The extractive industries sector achieved the highest growth rate during this period at 15.3 percent, then the agriculture sector by 2.9 percent, followed by the finance, insurance and business services sector with 2.1 percent, and then the government sector by 1.0 percent.
Source (Asharq Al-Awsat Newspaper, Edited)
