jordan pulse -

The International Monetary Fund (IMF) disbursed 339 million Special Drawing Rights (SDRs), equivalent to approximately $450 million, to Jordan in 2024 as part of the country’s current reform programme, according to IMF data reported by Al-Mamlaka.

In January 2024, the IMF released the first tranche of 144 million SDRs (about $190 million) from Jordan's extended fund facility programme, totalling 926.37 million SDRs (around $1.2 billion), equivalent to 270% of Jordan's quota. The programme spans four years and is subject to eight agreed reviews.

In July 2024, Jordan received a second disbursement of 97.784 million SDRs (approximately $130 million) following the first programme review. Another $130 million was disbursed in December after the second review.

The programme, approved by the IMF's Executive Board in early 2023, aims to support Jordan's economic reforms over four years. The remaining six reviews are scheduled between 2025 and 2027, with each successful review unlocking $130 million.

In comparison, Jordan received 24.017 million SDRs (approximately $31.815 million) in 2023 and 394.565 million SDRs ($522.688 million) in 2022.

SDRs are not a currency but a reserve asset whose value is determined by a basket of five major currencies: the US dollar, euro, Chinese yuan, Japanese yen, and British pound. Currently, 1 SDR equals $1.298510.