An IMF staff team led by César Serra visited Amman from 21 October to 3 November 2026. Following these discussions, the team and Jordanian authorities reached a staff-level agreement on the sixth review of the Extended Fund Facility (EFF) and the third review under the Resilience and Sustainability Facility (RSF). Completion of these reviews will make a total of SDR 216.548 million, approximately US$294 million, available to Jordan, subject to approval by the IMF's management and Executive Board. César Serra stated, "We are pleased to announce that the IMF team and the Jordanian authorities have reached a staff-level agreement on the sixth review of the economic reform program supported by the EFF arrangement and the third review under the RSF arrangement."
Economic Performance and Growth Trends
Jordan’s real GDP growth reached 3 percent year-on-year during the first half of 2026. This performance reflects the economic trajectory of the country throughout the initial six months of the current year. Official data confirms that the national economy maintained this expansion rate compared to the same period in 2025. These figures provide the current baseline for evaluating the Kingdom's fiscal progress under the ongoing program supported by the International Monetary Fund. Jordanian authorities monitor these growth trends as part of the broader reform efforts currently under review by the IMF team. The 3 percent figure represents the latest available measurement of real economic activity within the country.
Fiscal Targets and Debt Reduction
The draft 2027 budget targets a central government primary deficit, excluding grants, of 0.9 percent of GDP. Jordanian authorities plan to achieve this fiscal target through a series of measures, including strengthened revenue mobilization, improved tax compliance, and increased spending efficiency. These efforts also incorporate actions to bolster the financial sustainability of public utilities.
César Serra, IMF staff team leader, stated: "The authorities reaffirmed their commitment to maintaining public debt on a sustained downward path through gradual fiscal consolidation while protecting priority social and development spending. In this regard, the draft 2027 budget aims for a central government primary deficit (excluding grants) of 0.9 percent of GDP, supported by efforts to strengthen revenue mobilization, enhance tax compliance, and improve spending efficiency. These measures, together with further actions to strengthen the financial sustainability of public utilities, aim to support continued progress toward the authorities' objective of reducing public debt to around 80 percent of GDP by 2028."
