IMF Staff Country Reports

Jordan: Financial Sector Assessment Program-Financial System Stability Assessment

Publication Date:

April 21, 2023

Electronic Access:

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Summary:

The banking sector dominates Jordan’s financial system, and its strength is essential to support macroeconomic stability and the peg to the U.S. dollar. The authorities have implemented measures to enhance the system’s resilience and oversight since the 2008–09 FSAP, allowing it to withstand large shocks (Global Financial Crisis, Arab Spring, war in Syria and influx of refugees, COVID-19). Global growth headwinds, high energy and food prices as well as sharply rising interest rates are pressuring nonfinancial sector balance sheets.

Series:

Country Report No. 2023/140

Subject:

International organization Monetary policy

Frequency:

regular