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JORDAN FOURTH REVIEW UNDER THE EXTENDED ARRANGEMENTUNDER THE EXTENDED FUND FACILITY, REQUEST FORMODIFICATION OF PERFORMANCE CRITERIA, AND FIRSTREVIEW UNDER THE RESILIENCE AND SUSTAINABILITYFACILITY ARRANGEMENT—PRESS RELEASE;STAFFREPORT;AND STATEMENT BY THE EXECUTIVE DIRECTORFORJORDAN In the context of theStaff Report for theFourth ReviewUnder the Extended ArrangementUnder the Extended Fund Facility, Request for Modification of Performance Criteria, andFirst Review Under the Resilience and Sustainability Facility Arrangement,the followingdocuments have been released and are included in this package: •APress Releaseincluding a statement by the Chair of the Executive Board. •TheStaff Reportprepared by a staff team of the IMF for the Executive Board’sconsiderationonDecember 12, 2025,following discussions that ended onOctober 9, 2025,with the officials ofJordanon economic developments and policies underpinning the IMFarrangement under theExtended Fund Facility. Based on information available at the timeofthese discussions, the staff report was completed onNovember 24, 2025. •AStatement by the Executive Directorand Senior AdvisorforJordan. TheIMF’s transparency policy allows for the deletion of market-sensitive information andpremature disclosure of the authorities’ policy intentions in published staff reports andother documents. Copies of this report are available to the public from International Monetary Fund•Publication ServicesPO Box 92780•Washington, D.C. 20090Telephone: (202) 623-7430•Fax: (202) 623-7201E-mail:publications@imf.org Web:http://www.imf.org International Monetary FundWashington, D.C. IMF Executive Board Completes the Fourth Review under theExtended Fund Facility and First Review under the Resilienceand Sustainability Facility Arrangements for Jordan FOR IMMEDIATE RELEASE •The IMF Executive Board completed the fourth review under the Extended Fund Facility(EFF) and the first review under the Resilience and Sustainability Facility (RSF)arrangements with Jordan, providing the authorities with immediate access to theequivalent of about US$130 million under the EFF and about US$110 million under the RSFto support the authorities’ economic program. •Economic growth accelerated to 2.7 percent in the first half of 2025, while inflation remainsanchored around 2 percent, reflecting the Central Bank of Jordan’s successful efforts tosafeguard monetary stability and maintain the peg to the U.S. dollar, despite considerableexternal headwinds including regional conflicts. •Jordan’s economic program supported by the EFF arrangement remains firmly on track, asthe authorities continue to pursue sound macro-economic policies and structural reforms tostrengthen resilience and boost private sector-led growth and job creation. The authoritieshave also implemented the two reform measures due for the first RSF review, bolsteringJordan’s economic outlook and prospective balance of payments stability. Washington, DC – December 12, 2025:The Executive Board of the International MonetaryFund (IMF) today completed the fourth review of the arrangement under theExtended FundFacility (EFF)and the first review of theResilience and Sustainability Facility (RSF) arrangement.Jordan’s four-year EFF arrangement, with access amounting to SDR 926.37 million (aboutUS$1.3 billion, equivalent to 270 percent of Jordan’s quota in the IMF), was approved by the IMFExecutive Board on January 10, 2024 (seePress Release No. 24/004). This decision allows foran immediate purchase of an amount equivalent to SDR 97.784 million (about US$130 million),bringing the total purchases under the EFF arrangement to the equivalent of SDR 535.238 million(about US$733 million). In addition, theResilience and Sustainability Facility (RSF)forJordan was approved on June 25, 2025 (seePress Release No. 25/221), with access toSDR 514.65 million (about US$700 million, equivalent to 150 percent of Jordan’s quota). TheBoard’s decision will also allow the disbursement of SDR 79.182 million (about US$110 million)under the RSF. Jordan’s economy remains resilient, supported by sound macroeconomic policies and stronginternational backing. Growth accelerated to 2.7 percent in the first half of 2025 and isexpected to reach 3 percent in the coming years, aided by major investment projects, deeperregional integration, and sustained implementation of structural reforms. Inflation staysanchored at about 2 percent, and the current account deficit is projected to narrow to below5 percent of GDP over the medium term. The banking sector is stable, and internationalreserves are strong. Fiscal performance remains in line with program targets, with robust revenue collection andcurrent spending discipline. The authorities are committed to reducing public debt to80 percent of GDP by 2028 through gradual fiscal consolidation and further actions to lowerthe losses of public utilities, while protecting social and development spending. The authorities are determined to step