IMF says Jordanian economy likely to stay stable
Fund staff forecast inflation will remain low and growth continue despite nearby conflict
Jordan’s economy has seen strong economic performance despite the war in nearby Gaza, the International Monetary Fund (IMF) said on May 9.
The fund completed its first review of a $1.2 billion, four-year extended fund facility (EFF) deal, which it agreed with Jordan in January.
If the IMF’s executive board approves the staff recommendation, Jordan will receive a tranche of $129 million. It has already received $190 million through the EFF.
The fund projects that inflation will remain around 2% this
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