IMF: Jordan maintains economic stability

The International Monetary Fund’s director for the Middle East and Central Asia said Jordan has been able to maintain economic stability, withstand successive external shocks and gradually return to growth.

Jihad Azur added on Wednesday that Jordan was able to expand its social safety net to reduce the burden on the most vulnerable in society, Al-Mamlaka TV reported.

He noted that the global economy and the region faced a severe crisis, which was exacerbated by the crisis in Ukraine, but the countries of the region managed to cope with the shocks and continued to maintain stability, returning to the movement of activity and growth.

And he stated: “Inflation has surprised many institutions and countries, and today we are facing 3 main problems in the matter of inflation: these are high price levels that have persisted for more than a year, and that led by goods, food and commodities that greatly affect social conditions, and the fight against inflation requires financial measures. Especially to increase the level of benefits, which will have a negative impact on the movement of growth and economic activity. Fiscal policies pursued by developed countries have an impact on emerging markets and will dampen remittances or cash flows to emerging markets around the world.

Source: my news

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