A top International Monetary Fund official on Tuesday said the body is satisfied with the Jordanian government\'s financial and monetary achievements which have boosted confidence in the market but however \"there is still an issue related to energy.\" Deputy Managing Director of the International Monetary Fund, Nemat Shafik, told a press conference in Amman that the fund dealt with more flexibility with the Jordanian government in this year\'s first review because of pressures placed on Jordan due to the massive influx of Syrian refugees to the Kingdom. \"In our discussions with the government, we took into account the cost of Syrian refugees on the budget and gave the government more flexibility because of the cost,\" Shafik said. She noted that Jordan\'s tax revenue compared to GDP is the lowest in the region and has seen a decline in recent years by 5 percent due to tax exemptions. She stressed that the government must reduce borrowing and especially internal borrowing which makes the government compete with the private sector on funding sources.
GMT 09:43 2018 Tuesday ,23 January
Global unemployment down but working poverty rampantGMT 15:13 2018 Sunday ,21 January
All you need to know about Davos 2018GMT 22:33 2018 Saturday ,20 January
Calls for action over dirty money flowingGMT 04:42 2018 Saturday ,20 January
Storm caused 90 mn euros in damage: Dutch insurersGMT 07:06 2018 Friday ,19 January
China economy rebounds in 2017 with 6.9% growthGMT 11:35 2018 Thursday ,18 January
'Massive' infrastructure spending needed in AfricaGMT 14:29 2018 Wednesday ,17 January
GE takes one-off hit of $6.2 bn linked to insurance activitiesGMT 18:55 2018 Tuesday ,16 January
London stock market edges to new high

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor