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Jordan Lands USD197M IMF Deal

(MENAFN) Jordan has reached a staff-level agreement with the International Monetary Fund (IMF) on the latest assessments of its economic reform agenda, paving the way for 197 million U.S. dollars in fresh financing, the fund said in a statement on Wednesday.

The deal comes as the country continues to navigate regional instability, yet economic performance has remained steady. Growth reached 2.8 percent in 2025, with further acceleration observed in the opening months of 2026, according to the statement.

Price stability has also held firm. Inflation has stayed below 2 percent, supported by actions from the Central Bank of Jordan, alongside strong foreign currency reserves and a resilient banking system.

Cesar Serra, the IMF’s mission chief for Jordan, pointed to government efforts aimed at insulating the economy from external shocks. These include measures addressing the impact of higher energy costs and disruptions to the tourism sector.

The IMF noted that Jordan successfully met all quantitative performance targets and reaffirmed its commitment to lowering public debt to 80 percent of gross domestic product by 2028.

Subject to final approval by IMF management and its executive board, the agreement will unlock 140 million dollars through the Extended Fund Facility and an additional 57 million dollars via the Resilience and Sustainability Facility.

The fund also stressed the importance of pressing ahead with structural reforms to strengthen private sector activity, boost employment, and ensure climate-related financial disclosures meet global standards.

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