{"id":50539,"date":"2015-03-19T18:44:00","date_gmt":"2015-03-19T20:44:00","guid":{"rendered":"https:\/\/escaesco.com.br\/lab\/anba\/jordan-to-receive-us-200-million-from-imf\/"},"modified":"2019-06-30T13:01:29","modified_gmt":"2019-06-30T16:01:29","slug":"jordan-to-receive-us-200-million-from-imf","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/jordan-to-receive-us-200-million-from-imf\/","title":{"rendered":"Jordan to receive US$ 200 million from IMF"},"content":{"rendered":"<p>S&atilde;o Paulo &ndash; The International Monetary Fund (IMF) has released this Wednesday (18th) the results of a mission to Jordan that lasted from February 24th to March 10th. Upon being approved by the IMF Executive Board, the mission&rsquo;s report will allow a US$ 200 million disbursement to the Arab country. <\/p>\n<p>According to mission chief Kristina Kostial, the loan is made possible &ldquo;In view of the Jordanian authorities&rsquo; commitment to economic reforms and efforts to preserve macroeconomic stability amid external challenges.&rdquo; She made the statement following the sixth review of a Stand-By Arrangement entered into by Jordan and the IMF in August 2012, providing for a total US$ 2 billion loan. <\/p>\n<p>Kostial said in a press release that Jordan&rsquo;s economy grew by 3.1% last year, supported by construction, mining and agriculture, despite a rather complex regional scenario, with ongoing conflicts in Syria and Iraq, and the ensuing need to shelter refugees from neighboring countries. <\/p>\n<p>She also mentioned the low inflation rate and the fact that the current account deficit dropped from 17.1% of Gross Domestic Product (GDP) in 2013 to 12.1% in 2014. The fiscal deficit, on the other hand, has exceeded the target as a result of revenue shortfalls. <\/p>\n<p>The IMF mission chief also said that this year, Jordan will likely benefit from the cheap oil, which should help bring the current account deficit down to 10.6% of GDP, and growth may pick up to 4%.<\/p>\n<p>Public debt, &ldquo;which remains very high,&rdquo; is also expected to decline from 2016 onwards. International reserves are expected to stay at &ldquo;comfortable levels.&rdquo; <\/p>\n<p><strong>*Translated by Gabriel Pomerancblum<\/strong><\/p>\n<div class=\"credits-overlay\" data-target=\".wp-image-183695\">Alexandre Rocha\/ANBA 06.11.2009<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A mission from the Fund visited the Arab country and gave a positive assessment of the local economy. The loan is still pending approval from the IMF Executive Board.<\/p>\n","protected":false},"author":2316,"featured_media":183695,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[91],"tags":[],"class_list":{"0":"post-50539","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy"},"wps_subtitle":"A mission from the Fund visited the Arab country and gave a positive assessment of the local economy. The loan is still pending approval from the IMF Executive Board.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/50539","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2316"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=50539"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/50539\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media\/183695"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=50539"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=50539"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=50539"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}