The IMF has approved a three-year $723mn Extended Fund Facility (EFF) to Jordan to support economic reforms. An initial $72.3mn is available for immediate disbursement with the remainder to be phased in over the duration of the program subject to six reviews. A previous $2bn three-year standby arrangement expired in August last year.

IMF official David Lipton says Jordan’s economy has performed well given its “strong commitment” to reform despite “a difficult...