AMMAN: International Monetary Fund will disbursed a loan of $200 million to Jordan, under the standby arrangement after the IMF Executive Board’s approval of the sixth review of the country’s economic performance.
“In view of the Jordanian authorities’ commitment to economic reforms and efforts to preserve macroeconomic stability amid external challenges, the IMF team and the Jordanian authorities reached a staff-level agreement on policies that can lead to the completion of the sixth review under the SBA. The agreement is subject to the approval of the IMF Executive Board.
The completion of this review would allow for the disbursement of SDR142.083 million (about $200 million),” Kristina Kostial, who led the IMF’s mission to Jordan between Feb. 24 to March. 10 conduct the sixth review of Jordan’s economic performance under the SBA approved in August 2012, said in a press release on Wednesday.
