AMMAN: Business climate improvement is so crucial now, that Jordan may soon seek the assistance of the International Monetary Fund (IMF).
Finance Minister Umayyah Toukan told a media gathering on Monday that regional chaos provides Jordan with an exceptional chance to be a magnet for Mideast investments.But he said that improving the business climate is of utmost importance to attract investors because they look for markets where discipline prevails and bureaucracy at its lowest level.
“With the IMF experience in improving the business climate in other countries, the government is weighing whether to arrange for a $1.5 billion, 3-year programme with the global lender to undertake such a task,” he indicated. The minister stressed that the capability of the state treasury to propel economic development was limited and that it was up to the private sector to generate growth and create job opportunities.
