The International Monetary Fund (IMF) Executive Board on 11 April announced that it had completed the first review of Jordan’s economic performance under a program supported by a 36-month stand-by arrangement (SBA). This allowed the immediate release of about $385mn from its $2.06bn SBA approved in August 2012, bringing total disbursement under the IMF support program to Jordan to $769mn (MEES, 13 August 2012).

Jordan has embarked on an economic reform program aimed at maintaining macroeconomic stability and improving its fiscal and external positions, while at the same time protecting the vulnerable segments of the population and fostering stronger and more inclusive growth. (CONTINUED - 703 WORDS)