HomeFinanceIMF approves $200 million increase in financing for Jordan

IMF approves $200 million increase in financing for Jordan

A participant stands near a logo of IMF at the International Monetary Fund – World Bank Annual Meeting 2018 in Nusa Dua, Bali, Indonesia, October 12, 2018. REUTERS/Johannes P. Christo

WASHINGTON, July 1 (Reuters) – The International Monetary Fund on Thursday said its executive board had approved a $200 million increase in financing available to Jordan under its Extended Fund Facility after completing a second review of the program.

The IMF said completion of the second review under the EFF would allow Jordan to immediately access $206 million, bringing total disbursements to around $900 million since the start of 2020.

Reporting by Andrea Shalal And David Lawder; Editing by Leslie Adler

Our Standards: The Thomson Reuters Trust Principles.

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