Jordan: Fifth Review Under the Extended Arrangement Under the Extended Fund Facility, Request for Modification of Performance Criteria, and Second Review Under the Resilience and Sustainability Facility Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Jordan

International Monetary Fund

No 2026/146, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper presents Jordan’s Fifth Review under the Extended Fund Facility and Second Review under the Resilience and Sustainability Facility Arrangements. Jordan has maintained macroeconomic stability despite strong headwinds from the war in the Middle East, supported by prudent economic policies, continued reform implementation, and robust international support. The authorities have maintained fiscal discipline despite a challenging regional environment, with fiscal performance through the first quarter of 2026 in line with program targets. The authorities have appropriately taken measures to ensure fiscal sustainability, while protecting vulnerable households and viable firms through targeted and temporary support. Monetary policy remains appropriately anchored in safeguarding financial stability and supporting the exchange-rate peg, which serves Jordan well. Accelerating structural reforms is paramount to foster a more dynamic private sector and support stronger and more resilient growth. Program performance remains strong, with all quantitative targets met, structural benchmarks delivered, and continued progress on reforms to support resilience, economic growth, and fiscal sustainability.

Keywords: assessment letter; IFC commitment; labor market; Rsf arrangement; climate engagement; Financial sector stability; Public sector; Middle East; Global (search for similar items in EconPapers)
Pages: 121
Date: 2026-06-23
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