IMF Staff Country Reports

Jordan : 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Jordan

Author/Editor:

International Monetary Fund. Middle East and Central Asia Dept.

Publication Date:

July 24, 2017

Electronic Access:

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Summary:

Jordan has made significant progress since the 2014 Article IV consultation, but challenges are still pressing. The economy has proven resilient in the face of severe external shocks. The exchange rate peg remains an important anchor, reserves are comfortable, and the financial system is sound. The fiscal deficit has narrowed, while monetary policy has supported growth. However, Jordan’s performance has lagged other emerging markets, with growth below potential, high unemployment, and elevated public debt—and with regional conflicts and Syrian refugees continuing to weigh on social conditions, public finances, investment, and the current account.

Series:

Country Report No. 17/231

Subject:

Article IV consultation reports Currency pegs Debt sustainability analysis Economic growth Extended arrangement reviews Extended Fund Facility External shocks Fiscal consolidation Jordan Letters of Intent Monetary policy Performance criteria waivers Press releases Staff reports