IMF Managing Director Christine Lagarde Meets Prime Minister of Jordan Omar Al-Razzaz

January 10, 2019

Christine Lagarde, Managing Director of the International Monetary Fund (IMF), met with Omar Al-Razzaz, Prime Minister of Jordan today in Washington. At the conclusion of the meeting, the Managing Director issued the following statement:

“It was a pleasure to meet Prime Minister Al-Razzaz and his economic team at the IMF headquarters today.

“Mr. Al-Razzaz and I had a very productive meeting. We discussed global, regional, and domestic economic developments. The Prime Minister informed me about the extensive national dialogue that led to the adoption of a new income tax law, which is a welcome step in the right direction. We agreed that Jordan still faces challenging economic and social conditions, as reflected by weak economic growth and high unemploymentparticularly for youth and womenalong with elevated public debt and large financing needs. Sustaining fiscal consolidation remains critical to preserve macroeconomic stability, which needs to be supported by a faster implementation of reforms to promote jobs and investment and lower business costs.

“With Jordan still facing difficult regional conditions, including hosting a large number of refugees, international donor support is more important than ever to help it preserve economic and social stability. Our teams remain in close consultation on how best to advance policies to unlock much needed concessional financing and budget grants, ahead of next month’s London Initiative 2019.

“The IMF remains committed to supporting the Jordanian authorities’ economic program. An IMF mission will visit Jordan soon.

IMF Communications Department


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