WASHINGTON (Reuters) – The International Monetary Fund on Thursday said it has reached a staff-level agreement with Jordan on a $1.3 billion new four-year program aimed at bolstering economic growth and stimulating job creation, while strengthening fiscal stability.
The program, arranged under the IMF’s Extended Fund Facility (EFF), is subject to IMF management approval and consideration by the IMF Executive Board, which is expected in March, the IMF said in a statement.
It said Jordan’s structural reform agenda was “designed to improve the investment climate and reduce costs to businesses, which will make it easier to create jobs while also protecting Jordan’s poor and most vulnerable.”
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Source: Economy - investing.com
