IMF Executive Board Concludes First Review Under Jordan’s Extended Fund Facility Arrangement and Rephases Access to Address the Impact of COVID-19 [EN/AR]
Format
PRESS RELEASE NO. 20/375
The IMF Executive Board supports Jordan’s efforts to save lives and livelihoods in the wake of the COVID-19 shock, and has enhanced the IMF-supported program’s flexibility to accommodate COVID-related and social protection spending.
The authorities remain committed to the medium-term objectives of their economic program: preserving macroeconomic stability, creating job-rich and inclusive growth, and rebuilding policy buffers, including through gradual and growth-friendly fiscal consolidation.
The IMF encourages donors to step up their support, preferably in the form of grants, to help Jordan cope with the impact of the pandemic on the Jordanian people and some 1.3 million Syrian refugees.