IMF staff agree to expand Jordan’s loan program
The International Monetary Fund has reached a staff agreement with Jordan to expand the country’s financing access by $200 million under an existing loan facility.
The IMF disclosed this on Tuesday March 30, 2021, after a review found the program to be “firmly on track.”
It said total disbursements to Jordan, including under the two-year Extended Fund Facility that launched in March 2020 and amounts drawn under emergency coronavirus loan facilities, would reach about $1.95 billion over the 2020-2024 period.
The program was designed before the coronavirus outbreak, but the IMF said changes were made to support unbudgeted spending covering emergency outlays and medical supplies and equipment.
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