IMF Notes Jordan's Reform Efforts
The Jordanian government reaffirmed its commitment to maintaining the exchange rate of the dinar linked to the US dollar, and to strengthening the stability of the banking sector through measures such as updating the regulatory framework, developing the sukuk market, and diversifying funding tools. It also reviewed financial and monetary reforms aimed at enhancing the resilience of the economy and achieving financial stability. The focus was on the rise of foreign reserves to approximately 132% of the reserve adequacy standard, with the Central Bank participating in monitoring climate risks and developing sustainable financing instruments.
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