Jordan is participating in the annual meetings of the International Monetary Fund (IMF) and the World Bank Group, which began Monday in Bangkok, Thailand, and will continue through October 18. The Jordanian delegation includes Minister of Planning and International Cooperation Zeina Toukan, Finance Minister Abdel Hakim Al-Shibli, and Central Bank of Jordan Governor Adel Al-Sharkas.
اضافة اعلان
Jordan’s participation comes as the country prepares to begin the sixth review of its economic reform program supported by the IMF’s Extended Fund Facility (EFF), as well as the third review under the Resilience and Sustainability Facility (RSF). This comes amid continued financial and development cooperation with the World Bank, which approved two financing packages for Jordan worth a combined $1.1 billion in June.
The meetings provide an opportunity to follow up on economic and financial cooperation programs with the two international institutions and discuss reform, growth and investment priorities amid continuing economic challenges stemming from regional tensions and their impact on energy prices, transportation costs and trade.
Two Reviews Expected With the IMF
The meetings coincide with the sixth review of the Extended Fund Facility, which the IMF approved for Jordan in January 2024 with financing of approximately $1.3 billion, and the third review of the Resilience and Sustainability Facility, approved by the Fund in June 2025 with financing of around $700 million.
According to the IMF’s latest published disbursement schedules, completion of the sixth EFF review would make available around 97.8 million Special Drawing Rights (SDRs), equivalent to approximately $132 million. The upcoming RSF review will assess the implementation of reforms aimed at strengthening the economy’s ability to withstand long-term challenges, particularly in the water, energy and health emergency preparedness sectors.
Access to financing linked to the two reviews remains conditional on completing the required measures and procedures and securing approval from the IMF Executive Board.
On June 17, the IMF Executive Board completed Jordan’s fifth EFF review and second RSF review, making available total financing of approximately $188 million.
At the time, the Fund said Jordan had continued to maintain macroeconomic stability despite the repercussions of the war in the Middle East, noting progress in economic and fiscal reforms and stressing the importance of continuing to reduce public debt, boost growth and create jobs.
Recent World Bank Financing
Jordan’s participation also comes after the World Bank approved two financing packages for the country in June 2026, totaling $1.1 billion, to support economic reforms and the health sector.
On June 12, the World Bank approved $400 million in financing for a health sector reform program, including $349 million from the International Bank for Reconstruction and Development and $51 million from the Global Concessional Financing Facility.
The program aims to improve the efficiency of government health spending and the quality of primary healthcare services, develop financial and administrative governance systems in public hospitals, and strengthen the digital transformation of health services.
On June 30, the World Bank approved another $700 million loan as part of the second phase of Jordan’s Growth and Competitiveness Development Policy Financing Program. The financing is intended to support private sector-led investment, expand access to financing, create jobs and accelerate the country’s digital and green transition.
The meetings are particularly important for Jordan as it follows up on the implementation of these programs and financing packages and discusses future cooperation priorities with the World Bank Group, in line with the objectives of the Economic Modernization Vision, particularly promoting investment, strengthening economic competitiveness and creating jobs.
Meetings Focus on Global Economic Challenges
The annual meetings bring together finance ministers, central bank governors, senior economic officials and representatives of international financial institutions to discuss the global economic outlook, financial stability, debt and development financing.
The agenda includes ministerial discussions and sessions addressing the mobilization of private-sector investment, job creation, and the role of technology and artificial intelligence in development. The IMF will also release reports on the global economic outlook, financial stability and fiscal policy.
The meetings provide a framework for consultations on the economic challenges facing developing countries and ways to strengthen economic and financial stability and mobilize the resources needed to finance development priorities amid heightened uncertainty in the global economy.
The US-Israeli war against Iran, now in its eighth month, and the inflation and cost-of-living pressures it has caused are expected to feature prominently in the agenda and side discussions at the annual IMF and World Bank meetings, which are being held outside Washington for the first time in three years.
World Bank President Ajay Banga told Reuters that while global growth had held up better than expected when Iran closed the Strait of Hormuz, disrupting around 20% of global oil supplies, pressures were beginning to build again.
He added that a sharp rise in diesel and fertilizer prices, along with an expected “super El Niño” phenomenon, which experts say could contribute to 450,000 deaths from extreme heat, are all occurring at the same time.
