Jordan: Second Review Under the Stand-By Arrangement, Request for Waivers of Nonobservance of Performance Criteria, and Modification of Performance Criteria

Publication Date: December 19, 2013
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Summary: This paper discusses Jordan’s Second Review Under the Stand-by Arrangement, Request for Waivers of Nonobservance of Performance Criteria (PCs), and Modification of PCs. Program performance is broadly on track. The central bank rebuilt reserves, which are now at a comfortable level and well above what was programmed. The national electricity company’s losses were in line with the program through June, but the end-September PC is estimated to have been missed because a temporary interruption in gas flows required more expensive fuel imports. The IMF staff strongly supports the authorities’ plans to seek higher grants.
Series: Country Report No. 13/368
Subject(s): Stand-by arrangement reviews | Unemployment | Fiscal policy | Fiscal consolidation | Fiscal reforms | Energy sector | Monetary policy | Bank supervision | Economic indicators | Debt sustainability analysis | Staff Reports | Press releases | Jordan

Publication Date: December 19, 2013
ISBN/ISSN: 9781484314173/1934-7685 Format: Paper
Stock No: 1JOREA2013002 Pages: 86
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