Jordan Prime Minister, Bisher Khasawneh on Monday dispelled fears that Jordan stared at bankruptcy saying the country’s economy was strong and there was monetary and financial stability.
Speaking to a meeting of Lower House Khasawneh said the World Bank had confirmed that Jordan’s economy is more immune to the Russian-Ukrainian crisis due to its strategic and secure stock of wheat and barley, which is sufficient for more than a year.
He pointed out that international credit rating agencies have confirmed Jordan as safe, noting that the government, in cooperation with the Lower House of Parliament, has achieved targets of the general budget for the last year.
The Prime Minister revealed that the government achieved 104 per cent of its target revenue last year and experienced growth that compensated for the negative growth during the Covid-19 crisis.
“We have $17 billion in foreign exchange reserves, a historical and unprecedented figure in Jordan,” he said while lauding the role of the Central Bank and the Ministry of Finance in maintaining public finances.
“In the last year and a half, the government completed 3 successful reviews linked to structural economic reforms, according to international institutions,” Khasawneh noted.
The premier explained that Jordan went through a tough decade that saw many crises and turmoil in the region, which impacted the national economy, in addition to the Covid-19 crisis, which negatively affected the economies of the world.
