Amman: The IMF said it had reached an agreement with Jordan to disburse $264m that represent the third and fourth review under the Stand-By Agreement (SBA), according to an IMF statement quoted by Jordan Petra news agency.
Head of the IMF mission to Jordan Kristina Kostial said the SBA is subject to the approval of the Executive Board, which is tentatively scheduled to consider the reviews in late April. Board approval will allow for the disbursement of $264m for the combined fourth and fifth tranches,” she added. “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”.
She said the IMF team was impressed by hospitality and support for the Syrian refugees. QNA
