IMF agreement unlocks 197 mln USD in funding for Jordan-Xinhua

AMMAN, April 15 (Xinhua) — Jordan and the International Monetary Fund (IMF) reached a staff-level agreement on Wednesday on the latest reviews of the country's economic reform programs, unlocking 197 million U.S. dollars in new funding, the IMF said. Pending approval by IMF management and the executive board, the agreement will release 140 million dollars under the Extended Fund Facility (EFF) and 57 million dollars under the Resilience and Sustainability Facility (RSF).

"Jordan had met all quantitative performance criteria and remains committed to reducing its public debt to 80 percent of its gross domestic product by 2028," the IMF statement said.

Context and details

The IMF highlighted signs of resilience in Jordan's economy despite regional tensions. According to the statement, Jordan recorded 2.8 percent economic growth in 2025, with momentum accelerating in early 2026. Inflation was kept below 2 percent by the Central Bank of Jordan, supported by what the IMF described as robust foreign exchange reserves and a stable banking sector.

Cesar Serra, the IMF mission chief for Jordan, emphasized the role of government policy in shielding the economy from regional spillovers. Serra highlighted measures taken to mitigate the effects of rising energy prices and disruptions to tourism, underscoring the authorities' efforts to preserve macroeconomic stability while pursuing reforms.

The staff-level agreement follows a series of reviews tied to Jordan’s reform program. If approved by IMF management and the executive board, the combined disbursement of 197 million dollars is designed to support fiscal consolidation and resilience-building measures as part of the Extended Fund Facility and the Resilience and Sustainability Facility.

• Total unlocked funding: 197 million USD
• Extended Fund Facility (EFF): 140 million USD
• Resilience and Sustainability Facility (RSF): 57 million USD
• Growth in 2025: 2.8 percent
• Inflation: below 2 percent
• Public debt target: 80 percent of GDP by 2028

Outlook

The IMF called for continued structural reforms aimed at fostering a dynamic private sector and job creation, and stressed the importance of aligning climate-related financial reporting with international standards. The funding release, once formally approved, will provide Jordan with additional fiscal space to manage external pressures and pursue policy measures outlined in its program with the Fund.

Authorities in Amman will need to maintain the momentum on quantitative targets and policy reforms to secure the planned disbursements and to progress toward the stated public debt objective of 80 percent of GDP by 2028. The IMF staff-level agreement signals confidence in recent policy actions but frames further reform and implementation as central to sustaining recovery and boosting resilience against regional economic shocks.