Tag: International Monetary Fund

The IMF on Lifting Subsidies on Bread

IMF Opposes Lifting Bread Subsidies

The International Monetary Fund (IMF) said it doesn’t recommend lifting subsidies on bread in Jordan, a controversial step the government is considering in an effort to balance its budget. “The IMF does not recommend lifting bread subsidies and does not…

Great Wall of China

Getting China Back on Track

Significant restructuring and rebalancing of China’s underperforming economy is needed before the country sneezes and we all catch a cold. China’s economy, long a reliable source of growth, has been experiencing a wave of economic difficulties that has created uncertainty…

Think Tank Questions Effectiveness of NEPCO Rescue Plan

A new Identity Center report has questioned the effectiveness of the National Electric Power Company’s (NEPCO) cost recovery strategy, after it found a recent round of electricity tariff hikes failed to drag the publicly-owned company out of debt, but led…

A Necessary Loan

As Jordan’s $2 billion dollar stand-by arrangement with the world’s lender of last resort comes to an end, the International Monetary Fund’s mission chief for Jordan Kristina Kostial said the Kingdom has by and large stuck to its promise of…

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…

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,…