The Arab Monetary Fund Releases The 18th Edition of the Arab Economic Outlook Report Including Macroeconomic Forecasts for Arab Economies for 2023 and 2024

The growth rate of Arab economies in 2023 is projected to be 3.4 percent.

The recovery of global growth, lower interest rates, and the continued implementation of development plans will likely enhance economic growth in Arab countries in 2024 to approximately 4 percent.

The Inflation rate is projected to decline to 6.8 percent in 2023 and 6.3 percent in 2024 for Arab countries (excluding countries with substantial inflationary pressures).

As part of its efforts to assist policy-makers in Arab countries, the Arab Monetary Fund has released the 18th edition of its "Arab Economic Outlook" report, which contains projections of the overall economic performance of Arab countries on multiple levels for the years 2023 and 2024.

In the context of the new ordinary loan of approximately USD 51 Million, extended by The Arab Monetary Fund (AMF) to the Hashemite Kingdom of Jordan

The disbursement of the loan has been processed through “Buna” Payment platform, which facilitates cross-border payments in multiple currencies.

Abu Dhabi, 26 May 2023: The Arab Monetary Fund (AMF) extended a new ordinary loan to the Hashemite Kingdom of Jordan, with an amount of Arab Accounting Dinar 12.79 million, the equivalent of approximately USD 51 million to support the economic reforms implemented by the kingdom. The disbursement of the loan was processed through “Buna”, the cross-border payment system operated by Arab Regional Payments Clearing and Settlement Organization “ARPCSO”, owned by The Arab Monetary Fund “AMF.” It cements its position as a reliable partner for central banks and financial institutions. 

 

The Arab Monetary Fund (AMF) extends a new Ordinary Loan to the Hashemite Kingdom of Jordan

The Arab Monetary Fund (AMF) extends a new Ordinary Loan to the Hashemite Kingdom of Jordan, with an amount of Arab Accounting Dinar 12.79 million, the equivalent of approximately USD 51 million, to support the economic reforms implemented by the Kingdom
The AMF has completed the linking of Central Bank of Jordan to “Buna Platform”, which the AMF launched to support regional financial integration and encourage inter-Arab trade and investments

The Arab Monetary Fund (AMF) extended a new Ordinary Loan to the Hashemite Kingdom of Jordan, with the amount of Arab Accounting Dinar 12.79 million, the equivalent of approximately USD 51 million. The loan agreement was signed on Monday, May 15, 2023, by H.E. Dr. Mohammad Al-Ississ, Minister of Finance, on behalf of Hashemite Kingdom of Jordan, and H.E. Dr. Abdulrahman A. Al Hamidy, Director General Chairman of the Board of Executive Directors of the AMF, on behalf of the AMF, with the aim to avail financial resources to support the country’s financial position and its efforts to implement economic and financial reforms.

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