IMF mission to visit Jordan for economic review

Source:Xinhua Published: 2017/9/21 7:13:02

A mission from the International Monetary Fund (IMF) will visit Jordan in November to conduct a economic review as part of an Extended Fund Facility (EFF) program, a Jordanian official said on Wednesday.

Speaking during a press conference, Ezzeddine Kanakrieh, secretary general of the Ministry of Finance, said the review will be the second since IMF approved 700 million US dollars to Jordan under the EFF in 2016.

The official added that Jordan needs to generate 520 million dinars (733 dollars) in additional revenues in 2018 under the program.

"We are currently studying several options and have not reached a decision yet," said the official.

He added that efforts are underway to study some amendments to the income and sales tax law, saying that the government is committed to protecting the poor segment of the society.

The government had announced a set of immediate fiscal measures to raise revenues and cut spending in line with the IMF deal.

Under the new deal, the government and the IMF agreed on six conditions that aim at reducing public debt to safe levels and stimulating the economy.

Posted in: MID-EAST

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