2022-07-07 - الخميس

PM: Foreign exchange reserves at "unprecedented" levels

PM: Foreign exchange reserves at unprecedented levels
Nayrouz News Agency :


 Prime Minister Bisher Khasawneh said hard currency reserves with the Central Bank of Jordan have reached "unprecedented" levels, pledging that his government will take all that necessary to propel economic growth and lure in foreign capital.

In a meeting Wednesday with the head of the International Monetary Fund (IMF) mission to Jordan Ali Abbas, the prime minister said that the government will soon send to the parliament a draft law streamlining the investment and business-doing ecosystem, stressing that the bill will enhance the investment environment and attract local and foreign investments.

Khasawneh also stressed that his government is committed to pursuing a real partnership with the private sector to enable it to contribute to comprehensive economic development and advance growth. He explained that the measures taken by the government and the Central Bank contributed significantly to enhancing financial and monetary stability.

The Prime Minister spoke about the repercussions of the Coronavirus pandemic on the Jordanian economy, as well as the effects of the Russian-Ukrainian crisis on the prices of foodstuffs, basic commodities and oil.

In turn, the IMF official said that Jordan has been able to maintain economic stability, at a time when many countries suffered major repercussions on their economies as a result of the pandemic.

He also said that he is confident that structural reforms introduced by Jordan have contributed to enhancing economic growth and will reflect positively on the citizens, pledging that the IMF will continue to stand by Jordan to overcome any challenges.
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