International Monetary Fund completes Jordan program reviews unlocking SDR 97.784 million under the EFF and SDR 39.588 million under the RSF

The International Monetary Fund's Executive Board completed the fifth review of Jordan's Extended Fund Facility arrangement and the second review of its Resilience and Sustainability Facility arrangement, clearing an immediate purchase of SDR 97.784 million under the EFF and a disbursement of SDR 39.588 million under the RSF. The IMF said the decision supports Jordan's economic program objectives, including preserving macroeconomic and fiscal stability, reducing public debt and supporting private-sector-led job creation. It also assessed Jordan as having maintained macroeconomic stability despite disruption from the war in the Middle East, with low inflation and strong external buffers. Program implementation under the EFF was assessed as strong. All quantitative performance criteria and most indicative targets for end-December 2025 and end-March 2026 were met, all structural benchmarks for the fifth review were completed and the reform measure due for the second RSF review was also completed. The IMF highlighted continued fiscal discipline and the authorities' commitment to gradual fiscal consolidation through the Medium-Term Revenue Strategy, spending-efficiency measures and lower public utilities losses, while protecting social and development spending and pension sustainability. It also said monetary policy remains geared to financial stability and the exchange rate peg, with structural reforms continuing in the business environment, competition, labor market flexibility and formalization costs.