The International Credit Class Foundation, Moody’s Infogs Service, raised the future view of Jordan from a stable B1 level to a positive B1, according to Bloomberg News Agency on Thursday.
The Foundation said that this change came due to: “The Jordanian government’s commitment to implementing a wide package of structural reforms, especially on the public finances, which gave the credit situation to Jordan the flexibility and strength necessary to raise the classification,” according to the Jordanian Anbar Agency “Petra”.
The Foundation pointed out the success of the Jordanian Ministry of Finance in recent years in raising the collections of public revenue by taking a set of reforms related to fighting tax evasion, tax aviation and increasing tax compliance.
She explained that the government’s continuation of this approach and the expansion of these reforms will lead to expanding the prospects for economic growth and increasing the ability to absorb crises, and the agency also touched on the government adopting the vision of economic modernization that aims through its implementation to raise economic growth rates and create jobs.
Moody’s announcement raised the credit rating of Jordan, coinciding with the announcement of the Jordanian government and the International Monetary Fund, the success of completing the fifth review at the level of experts within the program of facilitating the extended fund..
About Author
