Jordan has signed up to a five-year, $3 billion loan package with the International Islamic Trade Finance Corporation (ITFC) to finance the import of energy and food staples. Minister of Planning and International Cooperation Imad Fakhoury said the country’s private…
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…
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…
The European Bank for Reconstruction and Development (EBRD) has loaned the Greater Amman Municipality (GAM) $13 million to fund the construction of a landfill-gas recovery system which converts municipal waste into energy. The project, which is the first of its…
Jordanian firms need more government support to overcome challenges holding back greater competitiveness and innovation, including lack of access to finance, corruption, skill shortages, and over-burdensome taxes, according to a major new report from the European Bank for Reconstruction and…
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…
Editor’s letter- Dina al-Wakeel In a blatant challenge to Western nations that have long dominated the global financial system, the BRICS emerging economics have decided to establish their own $50 billion development bank. Noble as the idea may be, its…