Jordan: 2020 Article IV Consultation and Request for an Extended Arrangement under the Extended Fund Facility — Press Releases; Staff Report; and Statement by the Alternate Executive Director for Jordan
IMF Staff Country Reports, April 16, 2020
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- Jordan: 2020 Article IV Consultation and Request for an Extended Arrangement under the Extended Fund Facility — Press Releases; Staff Report; and Statement by the Alternate Executive Director for Jordan
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Bibliographic details
- Published: April 16, 2020
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513540306.002
Overview
- Presents Jordan’s 2020 Article IV Consultation and Request for an Extended Arrangement Under the Extended Fund Facility (ECF).
- The IMF-supported economic reform program is anchored on structural reforms to spur growth by creating jobs—especially for women and young people—and reduce poverty.
- Publication date: April 16, 2020.
Main findings and macroeconomic assessment
- The Jordanian economy has continued facing significant challenges.
- Macroeconomic stability and external buffers have been preserved, but fiscal vulnerabilities remain.
- Structural reforms and continued fiscal consolidation efforts are critical to:
- lift growth,
- reduce unemployment,
- bring debt on a downward path.
- Continued support from donors, particularly through concessional loans and budget grants, will be critical to help Jordan cope with humanitarian and economic needs.
Risks, shocks, and program implications
- The coronavirus disease 2019 (COVID-19) outbreak poses significant risks to program implementation.
- Authorities have implemented measures to help contain the impact of the pandemic; however, adjustments to the program modalities might be necessary considering the rapidly changing circumstances.
- Donor support through budget grants and concessional financing will be critical to help Jordan cope with:
- the effects of the COVID-19 outbreak,
- the Syrian refugee crisis,
- and to support program objectives.
Policy recommendations and priorities
- Pursue structural reforms aimed at job creation, with a focus on women and young people.
- Continue fiscal consolidation efforts to reduce fiscal vulnerabilities and place debt on a downward trajectory.
- Secure and maintain donor concessional loans and budget grants to address humanitarian and economic needs and to support program aims.
- Remain flexible in program modalities to adjust for COVID-19-related developments.
Publication and document identifiers
- Pages: 123
- Volume: 2020
- Issue: 101
- Series: Country Report No. 2020/101
- DOI: https://doi.org/10.5089/9781513540306.002
- Stock No: 1JOREA2020001
- ISBN: 9781513540306
- ISSN: 1934-7685
- Citation format example included on the page: International Monetary Fund. Middle East and Central Asia Dept. "Jordan: 2020 Article IV Consultation and Request for an Extended Arrangement under the Extended Fund Facility-Press Releases; Staff Report; and Statement by the Alternate Executive Director for Jordan", IMF Staff Country Reports 2020, 101 (2020), accessed 9/7/2026, https://doi.org/10.5089/9781513540306.002
International Monetary Fund. Jordan: 2020 Article IV Consultation and Request for an Extended Arrangement Under the Extended Fund Facility — Press Releases; Staff Report; and Statement by the Alternate Executive Director for Jordan (April 16, 2020).
Content in this bundle
- 1jorea2020001