Jordan: Third Review under the Extended Arrangement under the Extended Fund Facility and Request for Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Jordan
January 6, 2022
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Preventive actions and a robust vaccination campaign mitigated the effects of COVID-19 variants on the economy. A nascent recovery, supported by targeted fiscal and monetary measures, is underway, with real GDP growth expected at 2 percent in 2021, strengthening to 2.7 percent in 2022. However, unemployment is persisting at very high levels, particularly for the youth. Core inflation, at 0.7 percent y-o-y in September, is subdued, despite higher fuel prices, reflecting a slow pass-through, but also weak domestic demand. Reserves are comfortable, and dollarization is declining.
Subject: Arrears, External debt, Fiscal policy, Fiscal stance, International organization, Monetary policy, Public debt, Revenue administration
Keywords: Arrears, core inflation, Fiscal stance, Global, government of Jordan, growth strategy, Jordanian authorities, Jordanian dinar, policy effort, support private sector competitiveness, transparency policy, vaccination campaign
Pages:
107
Volume:
2022
DOI:
Issue:
004
Series:
Country Report No. 2022/004
Stock No:
1JOREA2022001
ISBN:
9781616358785
ISSN:
1934-7685
