IMF lauds Saudi, UAE, Kuwait support for Jordan

The International Monetary Fund (IMF) has described the decision by Saudi Arabia, the UAE and Kuwait to provide an economic aid package worth $2.5 billion to crisis-hit Jordan over the next five years as a “positive step."

It hoped that the package would enable Jordan to implement “bold” reforms to tackle high unemployment and stimulate economic growth while protecting the poor and the middle class.

The IMF urged the international community and regional donors to help shoulder the burden arising from Jordan hosting more than 1 million Syrian refugees, which has put exceptional pressure on the country’s resources.