IMF Staff Country Reports

Jordan: Sixth Review Under the Stand-By Arrangement, Request for Waivers of Applicability of Performance Criteria, and Rephasing of Access

May 7, 2015

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International Monetary Fund. Middle East and Central Asia Dept. "Jordan: Sixth Review Under the Stand-By Arrangement, Request for Waivers of Applicability of Performance Criteria, and Rephasing of Access", IMF Staff Country Reports 2015, 115 (2015), accessed November 7, 2025, https://doi.org/10.5089/9781484367797.002

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Summary

This paper discusses Jordan’s Sixth Review Under the Stand-By Arrangement, Request for Waivers of Applicability of Performance Criteria (PC), and Rephasing of Access. PC Program performance remains broadly on course. All end-March 2015 PCs are expected to be met. Structural performance saw improvement, including the pre-approval of a credit bureau and the establishment of a new public investment framework. There is an urgent need for broad-based policy actions in the labor market to put the unemployed into jobs, increase female labor force participation, and reform public-sector compensation and hiring practices. The IMF staff supports the completion of the sixth review and the related purchase.

Subject: Balance of payments, Banking, Credit, Current account, Government debt management, Money, Oil prices, Prices, Public debt, Public financial management (PFM)

Keywords: Africa, CR, Credit, Current account, Europe, Executive board's discussion, Global, Government debt management, Hosting refugee, Indirect cost, ISCR, Labor market participation, Middle East, Oil price, Oil prices, Reform public sector hiring

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