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Jordan agrees to IMF plan in exchange for $1.3 billion

Jordan has signed a new $1.3 billion programme with the International Monetary Fund (IMF), the state news agency Petra said on Thursday.

Petra said it was a four-year programme, but it gave no further details.

In December, the country’s finance minister said a new IMF deal would secure lower servicing costs for the $42 billion in public debt that the country holds, which has spiralled in the last decade as a result of the spillover of regional conflicts on its economy.

Source: Reuters

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One comment

  1. Angel NicGillicuddy

    They should have talked to
    President Trump about
    declaring Demurrage on The US dollar,
    and then getting a loan from him.
    It would have been ALOT cheaper
    and worked ALOT better.
    Now they will see that loan money
    disappear gradually, subtly,
    it will slither away back into
    The hands of The Cash Mob Elite
    and
    their pawns,
    the trouble makers.
    That IMF loan will just end up
    back in
    The Dark Realms.
    And to some
    it will look very mysterious.
    Not me,
    Angel NicGillicuddy 💜

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