IMF Approves $834 Million in Support for Jordan
Israa Farhan
The International Monetary Fund (IMF) has announced the release of about $834 million in funding for Jordan, aimed at supporting long-term economic reforms and enhancing resilience in critical sectors such as water and electricity.
According to a statement from the IMF, Jordan will gain access to 611.78 million Special Drawing Rights (SDRs), equivalent to roughly $834 million, under two financial arrangements.
The fund has
completed
the third review of Jordan's Extended Fund Facility (EFF) agreement, enabling immediate access to 97.784 million SDRs (about $134 million). Additionally, Jordan is set to receive $700 million through the Resilience and Sustainability Facility (RSF).
This financial package is designed to help Jordan address long-term structural challenges in its utility sectors, bolster emergency public health responses, and enhance economic resilience. The RSF component, in particular, will support reforms that strengthen the country's external position and improve sustainability, the IMF said.
Jordan has shown promising economic performance, achieving 2.5% growth in 2024 and continuing into 2025, surpassing earlier forecasts. This upward trend reflects the country's resilience amid regional instability and global economic pressures.
In January 2024, the IMF's Executive Board approved a four-year Extended Fund Facility program for Jordan, with a total allocation of around $1.3 billion. The program focuses on advancing fiscal discipline, improving public sector efficiency, and fostering private sector-led growth.
The IMF reaffirmed its commitment to working closely with Jordanian authorities to implement structural reforms that ensure long-term economic stability and social development.
read more
Gold prices rise, 21 Karat at EGP 3685
NATO's Role in Israeli-Palestinian Conflict
US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria
Shoukry Meets Director-General of FAO
Lavrov: confrontation bet. nuclear powers must be avoided
News
Iran Summons French Ambassador over Foreign Minister Remarks
News
Aboul Gheit Condemns Israeli Escalation in West Bank
News
Greek PM: Athens Plays Key Role in Improving Energy Security in Region
News
One Person Injured in Explosion at Ukrainian Embassy in Madrid
News
China Launches Largest Ever Aircraft Carrier
Sports
Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer
Videos & Features
Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall
Lifestyle
Get to Know 2025 Eid Al Adha Prayer Times in Egypt
Business
Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War
Arts & Culture
Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies
News
Flights suspended at Port Sudan Airport after Drone Attacks
Videos & Features
Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream
News
Shell Unveils Cost-Cutting, LNG Growth Plan
Technology
50-Year Soviet Spacecraft 'Kosmos 482' Crashes into Indian Ocean
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
See - Sada Elbalad
an hour ago
- See - Sada Elbalad
Protestors Demand Thai PM Paetongtarn Shinawatra's Resignation over Call with Cambodian Leader
Taarek Refaat Tens of thousands of Thai protesters took to the streets of Bangkok on Saturday demanding the resignation of Prime Minister Paetongtarn Shinawatra, following the leak of a controversial phone call with former Cambodian leader Hun Sen that has sparked public outrage. The leaked diplomatic conversation, allegedly released by a Cambodian official, was intended to defuse a simmering border dispute between the two Southeast Asian neighbors. However, it quickly became a flashpoint in Thai domestic politics after Paetongtarn referred to Hun Sen as 'uncle' and described a Thai military commander as her "opponent," raising eyebrows over her allegiances and judgment. The 38-year-old prime minister, daughter of ousted former leader Thaksin Shinawatra, now finds herself at the center of a growing crisis. On Friday, a key party in her governing coalition abruptly withdrew, accusing her of "submissiveness to Cambodia" and "undermining the authority of the Thai military," leaving her with only a slim parliamentary majority. By Saturday afternoon, approximately 10,000 demonstrators had gathered near Bangkok's Victory Monument, waving Thai flags and carrying placards reading 'Resign, treacherous Prime Minister.' Many in the crowd were veterans of the Yellow Shirt movement, a royalist-leaning faction that helped topple Thaksin's government nearly two decades ago. The opposition has seized on the leaked call as evidence that Paetongtarn is unfit to lead, accusing her of compromising national interests and insulting the military—an institution that still holds substantial sway in Thai politics. The Thai government has yet to confirm or deny the authenticity of the recording. In a brief statement, Paetongtarn called the backlash 'politically motivated' and said the conversation was taken out of context. However, the statement did little to quell the public anger. The controversy comes amid already heightened political tensions, with the Shinawatra family remaining a polarizing force in Thailand's fragile democracy. Though Paetongtarn was elected last year in a historic vote that saw a return of her family to power, critics say her leadership has been marred by nepotism and inconsistency. Meanwhile, Cambodian officials have remained largely silent, with neither Phnom Penh nor Hun Sen issuing any formal comment on the leak. Analysts warn the incident may further strain Thai-Cambodian relations and could embolden the Thai military to reassert its influence behind the scenes—something that Thailand's democratic institutions have long struggled to resist. read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies News Flights suspended at Port Sudan Airport after Drone Attacks Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream News Shell Unveils Cost-Cutting, LNG Growth Plan Technology 50-Year Soviet Spacecraft 'Kosmos 482' Crashes into Indian Ocean
See - Sada Elbalad
2 hours ago
- See - Sada Elbalad
Iran's Anchor Sahar Iranian Anchor "Sahar Emami" Awarded Venezuela's Prestigious Simon Bolívar Journalism Prize
Taarek Refaat Emami became a symbol of resilience after she was seen on live television raising her hand in defiance just moments before an Israeli airstrike targeted the Iranian state broadcaster's headquarters in Tehran earlier this year. The dramatic footage, which circulated widely across international media, captured the harrowing moment the Islamic Republic of Iran Broadcasting (IRIB) studios came under direct attack. According to IRNA, Venezuelan President Nicolás Maduro personally conferred the award to honor both Emami and the victims of the Israeli strike on the IRIB network. The ceremony, held in Caracas, highlighted what Maduro described as "unparalleled bravery and professional integrity in the face of aggression." Iran's ambassador to Venezuela, Ali Shaghini, officially accepted the award on behalf of Emami and the families of the fallen media personnel. 'This recognition extends beyond one journalist; it honors the collective sacrifice of Iranian media workers who stood firm in the line of duty,' Shaghini said. In a statement following the ceremony, Emami expressed gratitude for the solidarity shown by Venezuela. 'This award belongs to every journalist who risks their life to speak truth in the face of war,' she said. 'Our voices cannot be silenced by bombs.' President Maduro, who has maintained close ties with Tehran in recent years, used the occasion to denounce what he called 'imperialist aggression' and praised the Iranian media's role in 'resisting misinformation and imperialist narratives.' The Simón Bolívar National Journalism Prize is awarded annually by the Venezuelan government to individuals or institutions that exemplify journalistic excellence, often with a political undertone reflecting Caracas' anti-Western stance. This year's selection of an Iranian journalist underscores the deepening media and diplomatic ties between Venezuela and Iran. The Israeli strike on the IRIB building, part of a broader escalation in regional tensions, resulted in multiple casualties and was widely condemned by Iranian authorities. While Israel has not officially commented on the attack, it came amid heightened hostilities between the two nations. The international community continues to monitor developments in the region, with press freedom advocates warning of growing dangers for journalists operating in conflict zones. read more 2 Most Inspirational Green Projects in Egypt AEW Dynamite, WWE NXT to Strive over Viewership Tonight Egypt Marks 70th Anniv. of 2011 Revolution, National Police Day In Depth: WWE NXT Halloween Havoc In Depth: AEW Dynamite, WWE NXT Tuesday Viewership Strive Videos & Features WATCH: Egyptians Break Ramadan Fasts in Matariya Videos & Features GrEEk Campus Hosts Jobzella Fifth Career Fair Videos & Features 3 Iconic Ramadan Songs of All Times Videos & Features Top 4 Destinations to Visit in Upper Egypt News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies News Flights suspended at Port Sudan Airport after Drone Attacks Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream News Shell Unveils Cost-Cutting, LNG Growth Plan Technology 50-Year Soviet Spacecraft 'Kosmos 482' Crashes into Indian Ocean
Middle East
8 hours ago
- Middle East
OPEN// Egypt, Austria hold political talks, sign MoU to boost relations
CAIRO, June 28 (MENA) – Foreign Affairs, Emigration and Expatriates Minister Badr Abdelatty held political consultations on Saturday with Austria's Foreign Minister Beate Meinl-Reisinger, with delegations from both countries in attendance. The talks focused on strengthening bilateral relations and addressing regional and international developments, said foreign ministry spokesperson Tamim Khallaf, pointing out that Abdelatty emphasized Egypt's desire to strengthen all aspects of bilateral ties and build on outcomes from recent high-level visits, including the Austrian chancellor's trip to Cairo in March 2024. He stressed the importance of expanding cooperation across various sectors—particularly economic, trade, and investment—by activating the joint committee and encouraging Austrian investments in Egypt. The ministers also discussed boosting collaboration in labor-related domains, as well as in scientific, cultural, and tourism exchange, renewable energy, and counterterrorism efforts. The consultations also addressed a range of regional and international issues of mutual concern, the spokesman said, noting that the two ministers reviewed developments related to the ceasefire between Israel and Iran. Abdelatty underscored the need to maintain the ceasefire and de-escalate tensions, directing attention to Egypt's efforts to contain the situation and promote political and diplomatic solutions. He also highlighted the deteriorating humanitarian situation in Gaza and the West Bank, briefing his Austrian counterpart on Egypt's initiatives to restore a ceasefire in Gaza and facilitate the delivery of humanitarian aid. The top Egyptian diplomat reiterated the need to create a political horizon for the implementation of the two-state solution, establishing a Palestinian state along the June 4, 1967 borders with East Jerusalem as its capital, describing this as the only viable path to lasting peace, security, and stability in the region. Abdelatty warned of the worsening conditions in the West Bank amid continued Israeli military operations and settler violence against civilians, stressing the urgent need to halt such actions. The two ministers also exchanged views on developments in Syria, Lebanon, Libya, Sudan, and the Horn of Africa. Abdelatty reaffirmed Egypt's position on respecting sovereignty, unity, and territorial integrity of states, and the importance of supporting national institutions and pursuing political and diplomatic resolutions to regional crises. At the end of the talks, the ministers signed a memorandum of understanding to launch a political consultation mechanism between Egypt and Austria, aiming to elevate bilateral relations and expand cooperation. (MENA) R E E/
