Jordan: Fifth Review Under the Extended Arrangement Under the Extended Fund Facility, Request for Modification of Performance Criteria, and Second Review Under the Resilience and Sustainability Facility Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Jordan

Jordan has successfully maintained macroeconomic stability amid headwinds from the war in the Middle East, thanks to the authorities’ swift policy response—including measures to diversify energy sources—prudent economic policies and progress on reforms, aided by strong international support. While the war has caused temporary disruptions in energy markets, a decline in tourism, and higher shipping costs, most economic sectors have continued to operate normally, with some benefitting from higher external demand and prices. However, uncertainty about the duration of the disruptions remains high and clouds the outlook.