Tag: IMF

IMF Says Jordan Wants Loan Extension

The International Monetary Fund said Jordan is seeking an extension to its three-year, $2 billion Stand-By Arrangement that expired earlier this month. “The (Jordanian) authorities have expressed interest in a successor arrangement with the fund,” Kristina Kostial, IMF’s mission chief…

GDP to Grow 4 Percent in 2015 – QNB

Despite a difficult regional context, the Qatar National Bank (QNB) Group said it expected Jordan’s real GDP growth to reach 4 percent over 2015, accelerate to 4.3 percent in 2016, and 4.5 percent in 2017. Jordan’s economy would continue to…

The New Income Tax Law: Who Wins and Who Loses?

The new Income Tax Law finally came into effect this year in an attempt to raise more government revenue. But what does it mean for individuals and businesses? By Jane Hosking Jordan’s long awaited, and debated, new Income Tax Law…

Let them Work

Syrians in Jordan could make a huge contribution to the Kingdom’s economy, if only we would let them. By Yusuf Mansur Jordan is hosting around 1.4 million Syrians, almost half of whom are registered as refugees. They can’t remain refugees…

Cash Subsidies Missing the Mark – Report

A significant number of poor Jordanian households are losing out because the targeting mechanism for the Kingdom’s cash subsidy program isn’t accurate enough, an Identity Center report said. The report by the development think tank found that the targeting method,…

Borrowing Smart

Borrowing can help an economy grow. But Jordan is taking on debt for all the wrong reasons. By Yusuf Mansur “Neither a borrow nor a lender be,” Polonius advised his son in Shakespeare’s Hamlet. But unlike the royal counselor, economists…

Our French Connection

France’s ambassador to Jordan says King Abdullah’s recent visit to Paris, which included a fruitful meeting with a group of high-profile business figures, proves that despite some challenges, economic ties between the two nations are stronger than ever. By Dina…

S&P Upgrades Jordan to “Stable”

Standard & Poor’s (S&P) returned Jordan to a stable outlook, almost three years after lowering its ‘BB-/B’ status to negative amid economical and political regional instability. The international rating agency expects the deterioration in the country’s fiscal and external balances…

The Brotherhood’s Economic Plan

With the release of a 500-page manifesto aimed at solving Jordan’s economic problems, the Muslim Brotherhood wants to be known for more than just its efforts to Islamize the society. But how convincing is its economic vision? By Elisa Oddone…