Khaberni - The Executive Board of the International Monetary Fund, on Friday, approved the fourth review under the Extended Fund Facility and the first review under the Resilience and Sustainability Facility arrangements with Jordan.
The completion of the review enables immediate access to about 130 million US dollars under the Extended Fund Facility, and about 110 million US dollars under the Resilience and Sustainability Facility to support the economic program.
The Fund noted that economic growth accelerated to 2.7% in the first half of 2025, while inflation remained stable at around 2%, reflecting the efforts of the Central Bank of Jordan in maintaining monetary stability and pegging the exchange rate to the US dollar despite external challenges.
It indicated that the economic program supported by the Extended Fund Facility is on track, with the authorities continuing to implement sound macroeconomic policies and structural reforms to enhance resilience and support growth led by the private sector and job creation, alongside implementing the first review measures under the Resilience and Sustainability Facility, which enhances the economic outlook and balance of payments stability.
The Fund added: "The Jordanian economy still maintains its resilience, supported by sound macroeconomic policies and strong international support. Economic growth accelerated to 2.7% in the first half of 2025 and is expected to reach 3% in the coming years, supported by major investment projects, deeper regional integration, and continued implementation of structural reforms."
It continued, "The inflation rate remains stable at about 2%, while the current account deficit is expected to decrease to less than 5% of the Gross Domestic Product in the medium term. The banking sector remains stable, and international reserves remain strong."
"The financial performance continues to align with the program targets, supported by strong revenue collection and discipline in current spending. The authorities reaffirm their commitment to reducing public debt to 80% of the Gross Domestic Product by 2028, through gradual fiscal adjustment and further measures to reduce losses in public utilities, while protecting social and developmental spending," according to the Fund.
