Jordan's king, EU foreign policy chief review ailing economy

AMMAN, Jordan — King Abdullah II and visiting EU foreign policy chief Federica Mogherini have discussed Jordan's economic challenges, meeting just days after protests against proposed tax increases brought down the kingdom's prime minister.

The royal court said Saturday that the king and Mogherini reviewed reforms and economic programs meant to address the crisis.

Incoming Prime Minister Omar Razzaz has said he would scrap the planned tax increases and try to come up with a new proposal in consultations with different groups. The old plan had been criticized as unfairly targeting the poor and the middle class.

Still, Jordan remains under pressure from the International Monetary Fund to carry out economic reforms and get a grip on rising public debt, in part caused by regional crises such as the influx of Syrian refugees.

You may also interested in

The hidden risk to the economy in corporate balance sheets

Aug 24, 2016

America has a debt problem, and the big borrower this time may surprise you: Corporate America

Rio Olympics over, final decision on Brazil president looms

Aug 24, 2016

After the party, the hangover: With the Rio Olympics fading into memory, Brazil returns to longstanding political divisions and prepares for a final Senate vote on whether to permanently oust its embattled President Dilma Rousseff

Global stocks rise as investors weigh future of US rates

Aug 30, 2016

Global stock markets mostly rose on Tuesday as investors weighed the possibility and timing of another U.S. interest rate increase this year

Broaden News

Manage The Numbers is the world’s fastest-growing finance news website, featuring the latest money and market news, along with in-depth analysis so you can make the best decision.

Contact us:

Subscribe to our newsletter!