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Jordan economic rating shows upswing, but problems remain

Jordanians in the private sector are praising their government's ambitious economic strategies, but still see systemic inefficiencies as a barrier to making them a reality.  
Vehicles drive in Amman on February 22, 2023. (Photo by Khalil MAZRAAWI / AFP) (Photo by KHALIL MAZRAAWI/AFP via Getty Images)

Jordan’s Finance Minister Mohamad Al Ississ said S&P Global’s decision to keep the kingdom’s sovereign credit rating at B+/B last week was a sign of confidence in its implementation of International Monetary Fund (IMF) reforms. 

"This is ... a collective validation across rating agencies in recent months in their confidence in Jordan's monetary and fiscal policy," Ississ told Reuters, at a time when other emerging markets were being downgraded. 

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