Jordan has had a number of programmes with the IMF since 1985 and has approximately US$480 million in debt to the lender coming due by the end of 2027. (EPA Images pic)WASHINGTON: The International Monetary Fund (IMF) reached a staff-level agreement with Jordanian authorities on Tuesday to clear the way for the release of US$294 million as part of the country's four-year bailout program.
"Programme performance has remained strong despite ongoing headwinds and elevated uncertainty stemming from the protracted war in the Middle East," said IMF mission chief Cesar Serra in a statement.
"All quantitative performance criteria and most structural benchmarks for the sixth review were met, and steady progress is being made toward achieving the program's overall objectives."
