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Jordan and IMF Agree on $294M

Jordan and IMF Agree on $294M

Jordan and the International Monetary Fund (IMF) reached a staff-level agreement on the sixth review of the Extended Fund Facility and the third review of the Resilience and Sustainability Facility. Once approved by IMF management and the Executive Board, the agreement will make total financing of about $294 million available—$133 million and $161 million for the two programs, respectively. The IMF praised the resilience of Jordan’s economy, which grew by around 3% in the first half of 2026, and noted that foreign reserves stood at $27.5 billion at the end of October. The government reaffirmed its commitment to continuing reforms and pursuing gradual fiscal consolidation, with the aim of reducing public debt to around 80% of GDP by 2028.

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