Amman – Fathi Jaghbir, Chairman of the Jordan Chamber of Industry (JCI), praised Standard & Poor’s (S&P) recent upgrade of Jordan’s credit rating, attributing it to the Kingdom’s successful monetary and financial policies. This upgrade, from B+ to BB-, is the first in 21 years and comes amidst global and regional disruptions.
Jaghbir highlighted Jordan’s effective public financial management and reduction of the primary deficit-to-GDP ratio as key factors leading to the rating enhancement. He emphasized the importance of leveraging this achievement to attract foreign investment and boost confidence in the national economy.
As head of the Amman Chamber of Industry, Jaghbir stressed the significance of strong industrial exports in reducing the trade balance deficit. He called for collaboration between government bodies, the private sector, and upcoming House of Representatives to strengthen the national economy and drive positive economic growth.
Despite regional challenges, Jordan’s resilience and improved credit rating set a promising stage for future economic prosperity. This achievement reflects the Kingdom’s commitment to sound financial policies and opens opportunities for sustainable growth.
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