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

Author/Editor:

International Monetary Fund. Middle East and Central Asia Dept.

Publication Date:

May 23, 2013

Electronic Access:

Free Full text (PDF file size is 1467 KB).Use the free Adobe Acrobat Reader to view this PDF file

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.

Series:

Country Report No. 13/130

Subject:

English

Publication Date:

May 23, 2013

ISBN/ISSN:

9781484318751/1934-7685

Stock No:

1JOREA2013001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

87

Please address any questions about this title to publications@imf.org