IMF says that Jordan faces chal­lenges

China Daily (Canada) - - BUSINESS -

The In­ter­na­tion­alMone­tary Fund said on Tues­day that Jordan’s econ­omy con­tin­ued to face chal­lenges, de­spite sub­stan­tial suc­cesses it had achieved in the past years. The re­marks came in a re­port after the com­ple­tion of the IMF’s first re­view of Jordan’s econ­omy, fol­low­ing a $700 mil­lion grant agree­ment be­tween the two sides. The IMF said the coun­try needed to make re­forms of its cur­rent sys­tem of tax ex­emp­tions, to sup­port fis­cal con­sol­i­da­tion, be­cause the sys­tem did not serve the pur­pose of boost­ing in­vest­ment and em­ploy­ment as in­tended.

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