Jordan Secures $1.2 Billion IMF Loan for Economic Stability and Growth

Jordan has reached an agreement with the International Monetary Fund (IMF) on a new four-year loan program valued at $1.2 billion USD, aimed at addressing the financial challenges facing the Arab nation. Announced by Finance Minister Mohammad Al Ississ, this program is designed to maintain financial stability, enhance economic growth, and expand social protection measures in Jordan.

Minister Al Ississ emphasized the government’s commitment to fighting tax evasion as part of this initiative. He assured that the loan program does not entail raising existing taxes or the imposition of new ones. This strategic partnership with the IMF demonstrates Jordan’s proactive approach to bolstering its economic resilience and ensuring the welfare of its citizens in the face of global financial challenges.