IMF Approves $834 Million in Support for Jordan

The International Monetary Fund (IMF) has announced the release of about $834 million in funding for Jordan, aimed at supporting long-term economic reforms and enhancing resilience in critical sectors such as water and electricity.

According to a statement from the IMF, Jordan will gain access to 611.78 million Special Drawing Rights (SDRs), equivalent to roughly $834 million, under two financial arrangements.

The fund has completed the third review of Jordan’s Extended Fund Facility (EFF) agreement, enabling immediate access to 97.784 million SDRs (about $134 million). Additionally, Jordan is set to receive $700 million through the Resilience and Sustainability Facility (RSF).

This financial package is designed to help Jordan address long-term structural challenges in its utility sectors, bolster emergency public health responses, and enhance economic resilience. The RSF component, in particular, will support reforms that strengthen the country's external position and improve sustainability, the IMF said.

Jordan has shown promising economic performance, achieving 2.5% growth in 2024 and continuing into 2025, surpassing earlier forecasts. This upward trend reflects the country’s resilience amid regional instability and global economic pressures.

In January 2024, the IMF’s Executive Board approved a four-year Extended Fund Facility program for Jordan, with a total allocation of around $1.3 billion. The program focuses on advancing fiscal discipline, improving public sector efficiency, and fostering private sector-led growth.

The IMF reaffirmed its commitment to working closely with Jordanian authorities to implement structural reforms that ensure long-term economic stability and social development.