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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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
Pages:
71
Volume:
2015
DOI:
Issue:
115
Series:
Country Report No. 2015/115
Stock No:
1JOREA2015001
ISBN:
9781484367797
ISSN:
1934-7685
