Tuesday, 22 May 2018 03:40 GMT

Jordan to receive USD264 m IMF loan

(MENAFN) Jordan is expected to receive as much as USD264 million loan from the International Monetary Fund that represent the third and fourth review under the Stand-By Agreement (SBA), according to the Peninsula Qatar.

The announcement was revealed in a statement by the IMF reported by Jordan Petra news agency

The agreement needs to be approved by the Executive Board, which will allow for the disbursement of USD264m for the combined fourth and fifth tranches

Head of the IMF mission to Jordan Kristina Kostial said: "In recent years, Jordan has had to grapple with strong headwinds. The Syrian crisis has had major macroeconomic implications for Jordan, and disruptions of energy imports from Egypt have continued to put further pressure on Jordan"s external and fiscal accounts.

Jordan to receive USD264 m IMF loan

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