The International Monetary Fund announced this week that it has reached a ‘staff-level’ agreement to extend its ‘extended fund facility’ to Jordan by four years at $1.3bn, following a recent visit to Amman.
The agreed program aims to “increase growth, stimulate job creation, strengthen external and fiscal stability, increase transparency, and improve social spending.” The IMF mission head says the $1.3bn will be disbursed in nine tranches subject to board approval in March. (CONTINUED - 139 WORDS)