Jordan Needs More Time for Reforms, Gov’t to Submit Request to IMF

Protests near the Fourth Circle in Amman - (AlGhad)
Protests near the Fourth Circle in Amman - (AlGhad)

اضافة اعلان

AMMAN —AlGhad— Official sources confirm that the government will submit a request to the International Monetary Fund (IMF) to buy more time for the scheduled reforms, which have —according to them— destabilised the country and skyrocketed tax burdens on Jordanians.

Recent protests and strikes have toppled the Jordanian government, days into the public discontent, which has yet to subside.

It is unlikely that the government drops the programme with the IMF, but the expedited implementations of the Fund’s terms have exploded the situation, they say.

Jordan cannot afford to drop the IMF, an official with the government under the cover of anonymity told AlGhad. But the government will effort to postpone implementation for a year or two, while pledging commitment, the source confirmed.

That, he said, could be done.

Another source with the government, also speaking anonymously to AlGhad, said that pushing Jordan towards such rigid measures despite the political situation is the wrong thing to do.

The IMF must revisit their assessment of the domestic situation in Jordan before pressing for further austerity measures.

PM Razzaz has outright and explicitly opposed the market liberation and free market reforms Jordan has been advancing over the last three decades.

It is likely today that Razzaz will oppose the measures which have destabilised the domestic situation and stirred protests across 11 Jordanian governorates over the past seven days.

Razzaz is more gradual, a former minister said, which helps with less destabilising reforms to build a more secure environment for progress.