Tips for Improving Your Credit Score
Standard & Poor's has reaffirmed Jordan's sovereign credit rating at BB- with a stable outlook, considering that this stability reflects the resilience of the Jordanian economy despite regional challenges, progress in economic and financial reforms, and rising foreign exchange reserves estimated at around $26 billion by the end of 2026. The agency also forecasted that the country's economic growth will accelerate from 2.5% in 2026 to 3.2% between 2027 and 2029, supported by the boosting of trade activities through Aqaba Port, remittances from expatriates, and the industrial and mining sectors. Although the budget deficit is expected to reach 2.2% of GDP in 2026, government measures are anticipated to gradually improve the fiscal situation. This rating reflects the stability of monetary and fiscal policies and serves as a testament to Jordan’s ability to face challenges, thereby enhancing its prospects for attracting investment and improving competitiveness.
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