IMF Commends Jordan's Reforms
The Jordanian government reaffirmed its commitment to continue the monetary policy led by the Central Bank to maintain financial stability, while maintaining the peg of the dinar to the US dollar. It also indicated that the banking sector possesses a high level of strength and liquidity, with a capital adequacy ratio of 17.8% and a non-performing loan ratio of 5.5%, supported by foreign reserves amounting to 132% of the standards. Additionally, the government is focused on developing financial market tools and updating the risk regulation framework for climate-related risks to ensure the sustainability of the Jordanian economy.
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