World Economy

Jordan May Seek IMF Help

Jordan May Seek IMF HelpJordan May Seek IMF Help

Business climate improvement is so crucial now, that Jordan may soon seek the assistance of the International Monetary Fund, a senior official said, Albawaba reported. 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 is 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, three-year program with the global lender to undertake such a task,” he indicated.