IMF releases $240m to back Jordan’s economic reforms

The International Monetary Fund (IMF) will release new funds, totalling $240 million, to support Jordan’s economic reforms programme.

Jordan will immediately get access to $130 million under the $1.3 billion extended fund facility (EFF) arrangement approved in January 2024.

An additional $110 million will be released under a $700 million resilience and sustainability facility (RSF) approved in June 2025.

The decision follows the IMF executive board’s completion last week of the fourth review under the EFF and the first review under the RSF arrangements.

Jordan’s growth surged to 2.7 percent in the first half of 2025 and is forecast to hit 3 percent in the coming years, supported by major investment projects, deeper regional integration, and sustained implementation of structural reforms, the IMF forecast.

Inflation remains at 2 percent, while the current account deficit is projected to narrow to below 5 percent of GDP over the medium term.

Fiscal performance remains in line with IMF targets, thanks to higher revenue collection and current spending discipline.

Jordan is committed to reducing public debt to 80 percent of GDP by 2028 through gradual fiscal consolidation and cutting losses of public utilities.

“Growth continues to recover, inflation remains low, and reserve buffers are strong in Jordan,” said Kenji Okamura, deputy managing director, IMF.

Jordan’s continued commitment to sound fiscal and monetary policies to safeguard macroeconomic stability is important amid lingering regional tensions and global uncertainty, he said.

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Okamura said accelerated structural reforms are crucial to creating a dynamic and resilient private sector and fostering job-rich growth.

Last week, Jordan’s prime minister Jaafar Hassan said the country plans to issue tenders for almost $10 billion in national projects before the end of 2026.

This month the finance ministry said Jordan’s debt reached its highest-ever level at the end of September as the kingdom continued to borrow to finance its budget deficit.