AMMAN — The International Monetary Fund (IMF) has disbursed $188 million to Jordan following the successful completion of the fifth review of the Kingdom's economic reform programme under the Extended Fund Facility (EFF) and the second review of the Resilience and Sustainability Facility (RSF).

 

The financing, equivalent to 137.372 million Special Drawing Rights (SDRs), comprises 97.784 million SDRs (about $134 million) under the EFF and 39.588 million SDRs (about $54 million) under the RSF, according to IMF data cited by Al Mamlaka.

 

The latest disbursement follows the IMF Executive Board's approval on June 17 of the fifth review of Jordan's EFF programme and the second review of the RSF, which unlocked the additional financing for the Kingdom.

 

In a statement issued after the review, the IMF said that Jordan has maintained macroeconomic stability despite heightened regional security tensions, noting that the country entered the current period of uncertainty from a position of economic strength supported by prudent fiscal, monetary and macroeconomic policies.

 

The fund said that the government responded swiftly to the impact of regional instability by strengthening energy security, facilitating trade and supply chains, and providing targeted support to the sectors most affected by the crisis, particularly tourism and industry. Assistance to vulnerable households through the National Aid Fund also continued.

 

According to the IMF, Jordan's economic reform programme remains firmly on track. All quantitative performance criteria for end-2025 were met, while most indicative targets for end-March 2026 were achieved. The Fund also confirmed that all structural reform benchmarks linked to the fifth review had been completed.

 

The IMF welcomed progress in improving the business environment, enhancing market competition, increasing labour market flexibility and reducing the costs of transitioning businesses to the formal economy, describing the reforms as important steps toward supporting economic growth and creating jobs.

 

Jordan's economy expanded by 2.8 per cent in 2025, compared with 2.6 per cent in 2024, driven by strong performance in the industrial, agricultural, transport, mining and services sectors, while inflation remained subdued at 1.8 per cent.

 

Despite continued uncertainty stemming from regional developments, the IMF expects the impact on Jordan's economy to remain limited, projecting economic growth of 2.7 per cent in 2026, accelerating to 3.1 per cent in 2027.

 

On public finances, the IMF said that fiscal performance in 2025 exceeded programme targets, supported by stronger domestic revenues and disciplined expenditure management while maintaining social spending. Jordan also met its primary budget deficit targets during the first quarter of 2026 despite economic pressures linked to regional conflicts.

 

The fund attributed the performance to prudent fiscal management, sustained capital investment and continued efforts to keep public debt on a sustainable path.

 

The IMF also commended the Central Bank of Jordan's commitment to maintaining monetary stability, noting that foreign reserves stood at approximately $27 billion at the end of the first quarter of 2026.