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Asharq Al-Awsat
Asharq Al-Awsat
World
Amman, London - Asharq Al-Awsat

IMF to Release $70 Million to Jordan

Jordan's designated new prime minister Omar al-Razzaz meets with Union leaders in Amman, Jordan June 7, 2018. (REUTERS/Ammar Awad)

The International Monetary Fund (IMF) spokesman said on Thursday that IMF will work with Jordan's new government to complete a review of the debt-burdened country's IMF loan program as soon as possible to release another $70 million to Jordan.

The spokesman, Gerry Rice, told a regular news briefing that the IMF welcomed a call from Jordan's King Abdullah for a "national dialogue" over tax legislation that has sparked the protests that have brought down the country's government, Reuters reported.

However, Rice did not comment on a Reuters report that Jordan was seeking to slow down fiscal reforms that are a key part of fiscal consolidation plans pushed by the IMF to reduce Jordan’s large public debt.

He also called on the international donor community to take a stronger role in supporting Jordan as it struggles with fiscal strains caused by taking over 1 million Syrian refugees and higher security costs.

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