Jordan PM says kingdom will pay ‘heavy price’ if IMF-backed tax law not approved

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AMMAN (Reuters) – Jordan’s Prime Minister Omar al Razzaz said on Sunday the kingdom will pay a “heavy price” if parliament fails to approve new IMF-backed tax legislation.

Razzaz told deputies who are debating the legislation that failure to approve the bill would mean the kingdom would have to pay even higher interest rates on its substantial foreign debt.

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