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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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