A team of experts from the International Monetary Fund (IMF) has reached agreement with Jordanian authorities on the second review of an economic reform program, and the completion of the review is expected to provide $131 million for Jordan, the fund said on Thursday.
The agreement is subject to approval by the Fund’s management and Executive Board, the fund said in a statement.
“This review will allow the completion of another $131 million of the previously agreed program size of about $1.2 billion,” he added.
It is noteworthy that the Standard & Poor's credit ratings agency decided to raise Jordan's long-term rating from +B to -BB based on the strength of the Kingdom's economy with a stable outlook.
Economic activity in Jordan has proven its resilience in the face of ongoing pressures in the region, the agency said.
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