Jordan: Third Review under the Extended Arrangement under the Extended Fund Facility and Request for Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Jordan

January 6, 2022

Preview Citation

Format: Chicago

Jordan: Third Review under the Extended Arrangement under the Extended Fund Facility and Request for Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Jordan, (USA: International Monetary Fund, 2022) accessed September 20, 2024

Summary

Preventive actions and a robust vaccination campaign mitigated the effects of COVID-19 variants on the economy. A nascent recovery, supported by targeted fiscal and monetary measures, is underway, with real GDP growth expected at 2 percent in 2021, strengthening to 2.7 percent in 2022. However, unemployment is persisting at very high levels, particularly for the youth. Core inflation, at 0.7 percent y-o-y in September, is subdued, despite higher fuel prices, reflecting a slow pass-through, but also weak domestic demand. Reserves are comfortable, and dollarization is declining.

Subject: Arrears, External debt, Fiscal policy, Fiscal stance, International organization, Monetary policy, Public debt, Revenue administration

Keywords: Arrears, Core inflation, Fiscal stance, Global, Government of Jordan, Growth strategy, Jordanian authorities, Jordanian dinar, Policy effort, Support private sector competitiveness, Transparency policy, Vaccination campaign

Publication Details

Pages:

107
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2022/004
Stock No:

1JOREA2022001
ISBN:

9781616358785
ISSN:

1934-7685

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