Jordan's PM aims to raise national credit rating for first time in 21 years, highlighting progress in IMF reviews.
Jordan's PM Dr. Bisher Khasawneh aims to raise the country's credit rating by Moody's for the first time in 21 years, highlighting progress in financial reviews with the IMF. Fitch Ratings maintained Jordan's 'BB-' credit rating with a stable outlook, acknowledging macroeconomic stability, fiscal/economic reforms, and the banking sector's resilience. In comparison, Saudi Arabia has demonstrated economic resilience, averaging 4% growth over 7 years, driven by Vision 2030, modernizing trade, and improving ease of doing business.
May 11, 2024
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