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Stock Market / Finance in Jordan

  • IMF approves release of $ second tranche of funding to Jordan

    JORDAN, 2013/04/15 The International Monetary Fund announced Thursday the release of a portion of its $2.1 billion loan to Jordan to help it weather regional instability, inclunding an influx of Syrian refugees. The IMF executive board, next its prime review of Jordan's economic performance under the three-year loan approved last August, made $385 million instantly available to the country, the second tranche of funding under the program.

  • Jordan performed well under the program in 2012

    JORDAN, 2013/01/07 A mission from the International Monetary Fund (IMF) visited Amman during December 3-20 in the context of the prime review of the Jordan’s Stand-By Arrangement (SBA). Kristina Kostial, the IMF Mission Chief for Jordan, issued the following statement today: “Jordan performed well under the program in 2012. The country has faced challenges during the year from the disruption of the flow of natural gas, the ongoing conflict in Syria, and an acceleration of influx of refugees.

  • Jordan to issue external bonds up to 1.5 billion dollars 2012-09-18

    JORDAN, 2012/09/18 Jordan government is seeking to borrow between 750 million and 1.5 billion dollars by issuing "external bonds" to fund national budget, Finance Minister Suleiman Hafez said. The minister said the government would plan to pay the debt back in 10 years and would prompt extra private sector borrowing. Ministry of finance invited interested parties to manage the bond issuance, with several offers already on the table. The move has alerted economists of potential risks to the kingdom's economy due to the high interests the country has to cough up.
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