Jordan: 2009 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Jordan
IMF Staff Country Reports, May 21, 2009
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- Jordan: 2009 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Jordan
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Bibliographic details
- Published: May 21, 2009
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451820409.002
Executive summary and key findings
- Money and financial markets have weakened since mid-2008.
- Bank deposits edged down slightly in October but subsequently recovered.
- The share of dinar deposits continued to increase.
- Executive Directors noted that sound macroeconomic management has enhanced Jordan’s resilience to the global crisis.
- Directors emphasized that, in light of the economy’s close ties with the region and reliance on external financing, near-term policies should remain focused on guarding against vulnerabilities.
Policy implications and recommendations
- Near-term policies should remain focused on guarding against vulnerabilities stemming from close regional ties and reliance on external financing.
- Continue sound macroeconomic management to preserve and enhance resilience to the global crisis.
Analytical scope and subjects covered
- Subjects: Banking, Commercial banks, Economic and financial statistics, Expenditure, Financial institutions, Government finance statistics, Public debt, Revenue administration
- Keywords: balance of payments, bank performance, Commercial banks, CR, deficit, exchange rate, GDP, Global, Government finance statistics, headline inflation, insurance market, ISCR, Jordanian dinar, money market, net, weakening economy