IMF Concludes Fourth Review of Jordan Program

The International Monetary Fund (IMF) completed its fourth review of Jordan’s economic reform program under the Extended Fund Facility (EFF), alongside the first review under the Resilience and Sustainability Facility (RSF), unlocking fresh financial support for the kingdom as economic growth gains momentum.

In a statement released on Friday, December 12, the IMF said its Executive Board’s decision allows Jordan immediate access to about $130 million under the EFF and an additional $110 million under the RSF, providing a significant boost to the country’s economic reform agenda amid a challenging regional environment.

According to the IMF, Jordan’s economic growth accelerated to 2.7% in the first half of 2025, reflecting improving domestic activity and resilience despite heightened external pressures. Inflation, meanwhile, remained stable at around 2%, underscoring the effectiveness of the Central Bank of Jordan’s monetary policy and its continued commitment to the currency peg with the US dollar.

The Fund noted that this stability has been maintained despite major external headwinds, including ongoing regional conflicts, which continue to weigh on trade, tourism and investor sentiment across the Middle East.

The IMF said Jordan’s EFF-supported economic program remains firmly on track, with authorities continuing to implement sound macroeconomic policies and structural reforms aimed at strengthening economic resilience, fostering private-sector-led growth and expanding employment opportunities.

Fiscal discipline, financial sector stability and reforms to improve the business environment remain central pillars of the program, as Jordan seeks to balance economic growth with debt sustainability.

In a positive signal for longer-term prospects, the Fund confirmed that Jordanian authorities have implemented the two reform measures scheduled under the first review of the RSF, a step that enhances the country’s economic outlook and supports future balance of payments stability.

The RSF is designed to help countries address structural challenges related to climate resilience, sustainability and long-term macroeconomic risks, areas that are becoming increasingly critical for Jordan given resource constraints and regional volatility.