IMF TO START SECOND REVIEW OF JORDAN'S ECONOMY
Last Updated: 2019-01-27
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AMMAN, Jordan, Jan 27 (NNN-PETRA) - The International Monetary Fund (IMF), will start conducting the second review of Jordan's economy, under a 700-million-U.S.-dollar Extended Fund Facility, on Jan 27 (today), Jordanian Ministry of Finance said, in an emailed statement on Saturday.

The IMF mission will spend two weeks in Jordan, meeting with several officials, including officials at the Finance Ministry and the Central Bank of Jordan.

The IMF's visit is part of the follow-up, on Jordan's fiscal reforms and procedures, taken under the agreement between Jordan and the fund.

In 2016, Jordan reached a 36-month deal with the IMF, to embark on reforms, to reduce public debt and conduct several fiscal reforms, including increasing the bases of payers of income tax, among other issues.

The recent endorsement of the income tax bill, which was received be nationwide protests, is part of these reforms.-- NNN-PETRA