The Jordanian Minister of Treasury, Michel Marto, announced that Jordan will embark on a new two-year long economic reform program immediately after this year’s economic program ends in April, reported Al-Hayat . The minister added that Jordan is presently conducting intensive negotiations with the International Monetary Fund in order to reach an agreement regarding the general framework of the new scheme.
The Jordanian Ministry of Treasury estimated the value of the Kingdom’s total debts at nearly six billion dollars at the end of last January. The country’s debts include a $4.7 billion external debt, which is equivalent to 90.1 percent of the Kingdom’s projected GDP in 2002. — (menareport.com)
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