Jordan: First Review Under the Stand-By Arrangement, Request for Waivers of Nonobservance of Performance Criteria, Modification of Performance Criteria, and Rephasing of Access—Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Jordan

May 23, 2013

Preview Citation

Format: Chicago

Jordan: First Review Under the Stand-By Arrangement, Request for Waivers of Nonobservance of Performance Criteria, Modification of Performance Criteria, and Rephasing of Access—Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Jordan, (USA: International Monetary Fund, 2013) accessed September 18, 2024

Summary

Fiscal consolidation, additional reserve buildup, and higher growth are key program objectives for the Jordanian authorities. Despite the socially difficult elimination of the fuel subsidy, program performance was mixed. Initiatives to strengthen banking supervision and develop capital markets are important. The program addresses economic imbalances and safeguards social stability. Executive Directors are satisfied with the action taken to rebuild reserves through an increase in interest rates and by attracting donor funds, as well as domestic dollar-denominated financing. The government is committed to working on steps to boost revenue.

Subject: Arrears, Banking, Capital spending, Energy subsidies, Expenditure, External debt, Public debt, Tariffs, Taxes

Keywords: Arrears, Capital spending, Central government deficit, Core inflation, CR, East Africa, Electricity company, Energy import price, Energy subsidies, Europe, Executive board's discussion, Global, Government, ISCR, Middle East, North Africa, Strategy, Support, Tariffs

Publication Details

Pages:

87
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2013/130
Stock No:

1JOREA2013001
ISBN:

9781484318751
ISSN:

1934-7685

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