PM meets IMF managing director

Washington, Prime Minister Omar Razzaz met, on Thursday, in Washington with International Monetary Fund (IMF) Managing Director Christine Lagarde and discussed with her the developments of Jordan’s fiscal reform program.

Razzaz said that Jordan is implementing a plan that aims at self-employment, spurring economy and encouraging investment, stressing the importance of international community’s support to the Kingdom due to challenges facing the national economy.

The prime minister also discussed means to support IMF’s participation at London Donor Conference slated for February 2nd.

IMF will continue supporting Jordan to enable it to face challenges and reducing general debt.

Finance Minister Ezzeddine Kanakriya said that an IMF team will visit the Kingdom soon to complete discussions over the fund’s second review of the Kingdom’s economic indicators.

The minister said that initial data indicate that the budget deficit decreased to 730 million dinars or 2.3 percent of GDP in 2018, compared to 2.6 percent in 2017, adding that the progress that occurred is a result of fiscal reforms implemented by the government.

Source: Jordan News Agency