IMF Approves $131 Mln Loan Disbursement for Jordan

Jordan is set to receive a $131 million loan installment from the International Monetary Fund (IMF) following approval from the Fund's experts.

This disbursement is part of a larger $1.2 billion loan program designed to support Jordan's ongoing economic reform efforts.

In a statement released on Thursday, the IMF confirmed that its team and Jordanian authorities had reached an agreement at the expert level regarding the second review of Jordan’s economic reform program.

This agreement, once approved by the IMF's management and executive board, will allow Jordan to access the additional funds.

Despite external geopolitical challenges, the IMF praised Jordan's continued commitment to its economic reform program.

The statement highlighted the country's progress in improving its economic framework, emphasizing the importance of these reforms in maintaining stability and growth amidst regional uncertainties.