Finance Minister Taif Sami Engages with IMF in Amman
Finance Minister Taif Sami recently attended the International Monetary Fund (IMF) meetings in Amman, which are part of the ongoing discussions with the fund aimed at driving economic progress.
In a statement released by the Ministry, it was highlighted that during these meetings, Minister Sami addressed several key strategic components, particularly focusing on the implementation of the 2024 budget. The discussions involved a detailed review of application plans that emphasize the control of expenditures and the efficient allocation of financial resources aligned with the state’s economic objectives. Furthermore, strategies to enhance public finances were explored, including boosting investment opportunities, directing social spending toward essential sectors, and strengthening non-oil revenue streams to diminish reliance on oil revenues.
The statement elaborated on the conversations surrounding the ongoing banking reforms, underscoring the necessity of updating financial systems to stay in sync with global economic shifts. Projections for the economic landscape in 2025 were also reviewed, alongside potential strategies to bolster non-oil revenues. This includes addressing tax issues and the implementation of a unified accounting system.
According to Minister Sami, these meetings signify the Ministry’s ongoing efforts to promote financial stability and implement structural reforms essential for the growth of the national economy. The Minister emphasized the importance of fostering close coordination with regional and international development partners and noted that collaboration with the IMF team is a foundational aspect of developing financial policies that effectively respond to current challenges.
