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FINANCIAL NEWS
IMF confirms USD723m loan to Jordan
25 Aug 2016
(MENAFN) The International Monetary Fund approved USD723mn loan to Jordan in a three-year program in order to support economic and financial reforms to low public debt.
Moreover, the program aims at advancing fiscal consolidation to lower public debt and broad structural reforms to enhance the condition for inclusive growth.
Additionally, the deal will focus on cutting public debt to 77 percent of GDP by 2021 from 94 percent recently.
Meanwhile, debt increased by around a third to USD32bn in five years as economic strains reduced profits and foreign aid, making Jordan to borrow more.
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BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
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BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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