IMF clears path for release of US$294mil bailout tranche to Jordan
IMF mission chief Cesar Serra said the programme had performed strongly despite challenges and uncertainty caused by the prolonged Middle East war.
The International Monetary Fund (IMF) has approved the release of US$294 million as part of Jordan's four-year bailout program. This comes after a staff-level agreement between IMF mission chief Cesar Serra and Jordanian authorities on Tuesday, following strong programme performance despite ongoing challenges. The latest tranche is contingent on approval by the IMF's executive board.
Jordan's economy has shown resilience during the war in the Middle East, with IMF forecasts remaining unchanged at 2.7% growth for 2026. Despite facing economic headwinds, including reduced tourism, higher trade costs, and volatile energy prices, Jordan has maintained steady progress towards program objectives and avoided the worst economic fallout from the regional conflict.
The IMF commended Jordan's reform program but suggested improvements in private sector competition, labour market flexibility, and encouraging firms to enter the formal economy.
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- IMF clears path for release of US$294mil bailout tranche to Jordan freemalaysiatoday.com
- IMF clears path for release of $294 million bailout tranche to Jordan hindustantimes.com