The International Monetary Fund (IMF) mission has begun discussions for the third review of Jordan's economic program under the Extended Fund Facility (EFF), following the completion of the second review by the IMF Executive Board at the end of last year.
اضافة اعلان
On Sunday, the IMF mission commenced its discussions with the Ministries of Finance, Social Development, Industry and Trade, Environment, and other ministers, senior government officials, and officials from the Central Bank of Jordan. The mission is expected to conclude its discussions by next Thursday.
The successful completion of the second review of the IMF-supported program is set to unlock a new tranche of 97.784 million Special Drawing Rights (approximately USD 130 million).
In a previous response to "Al Mamlaka" TV, the IMF affirmed that Jordan has shown resilience in the face of prolonged regional conflicts and has maintained macroeconomic stability.
It noted that this resilience reflects the Jordanian government's continued implementation of sound macroeconomic policies and progress in economic reforms. The IMF added that recent regional developments—particularly the ceasefire agreements in Gaza and Lebanon—provide cautious optimism, though economic uncertainty in the region remains high.
The IMF projects Jordan’s economy to grow by 2.5% in 2025, with a further expected increase to 3% in 2026, after achieving 2.3% growth in the previous year.
The IMF will update its growth forecasts in the April edition of the World Economic Outlook report, in addition to the comprehensive assessment its mission will conduct during its current visit to Jordan.
In December, the IMF Executive Board approved the second review of Jordan’s program under the extended arrangement. At that time, the total disbursements to Jordan under the program amounted to 339.67 million SDRs (approximately USD 453 million).
The review showed that Jordan had fulfilled all commitments related to the second review, reflecting the authorities' strong commitment to sound macroeconomic policies and continued reform progress.
(Al Mamlaka)
