AMMAN — There are no plans to remove subsidies as part of the International Monetary Fund (IMF) programme, Minister of Finance Mohamad Al-Ississ said during a dialogue session organised by the Columbia Centre for Global Studies on Wednesday. During the discussion, titled “Navigating the Political Economy of Reform: Safeguarding Macrostability,"Al-Issis emphasised Jordan's resilience in the face of three major global economic challenges: the COVID-19 pandemic, the Russian-Ukrainian crisis and global “stagflation”, or stagnation and inflation. “We have successfully maintained our macroeconomic stability throughout these global challenges,” Al-Ississ said. The minister highlighted the distinction between preserving macrostability, which ensures the preservation of the Jordanian Dinar’s value, and fulfilling economic aspirations. “Nothing in the International Monetary Fund (IMF) programme has to do with removing subsidies,” he noted.

Source: The North Africa Journal June 18, 2023 09:18 UTC