AMMAN: Jordan has made good headway toward stabilizing its economy in the face of a series of severe external shocks.
The IMF Executive Board approved on July 31 the final review under the $2 billion Stand-By Arrangement agreed in 2012. With the Board’s approval of the final disbursement of about $400 million, Jordan becomes the first Arab country in transition to successfully complete an IMF-backed program.
In an interview, IMF mission chief Kristina Kostial discusses the country’s achievements over the course of the three-year program and the challenges that lie ahead.
