Jordan: Fifth Review Under the Stand-By Arrangement, Request for Waivers of Nonobservance of Performance Criterion and Applicability of Performance Criterion, Modification of Performance Criterion, and Rephasing of Access

December 2, 2014

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Format: Chicago

Jordan: Fifth Review Under the Stand-By Arrangement, Request for Waivers of Nonobservance of Performance Criterion and Applicability of Performance Criterion, Modification of Performance Criterion, and Rephasing of Access, (USA: International Monetary Fund, 2014) accessed September 19, 2024

Summary

This paper discusses Jordan’s Fifth Review Under the Stand-by Arrangement, Request for Waivers of Nonobservance of Performance Criterion (PC) and Applicability of PC, Modification of PC, and Rephasing of Access. Program performance in 2014 is broadly on track. The end-September PC on the central government primary deficit is estimated to have been met, but the PC on the combined public sector deficit is likely to have been missed owing to a shortfall in gas flows from Egypt. International reserves continued to over-perform through September. The IMF staff supports the completion of the fifth review and the related purchase.

Subject: External debt, Government debt management, Income and capital gains taxes, Inflation, Prices, Public debt, Public financial management (PFM), Taxes

Keywords: CR, Debt service, Deficit, Executive board's discussion, Gas supply, Global, Government debt management, Income and capital gains taxes, Inflation, Interest rate, Investment law, ISCR, Macro-financial risks, Reform, Refugee crisis, Spending, Spending pressure, Spending side

Publication Details

Pages:

73
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2014/324
Stock No:

1JOREA2014003
ISBN:

9781484313527
ISSN:

1934-7685

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