IMF Staff Country Reports

Jordan: Sixth Review Under the Extended Arrangement Under the Extended Fund Facility and Request for Modification of Performance Criteria-Press Release; and Staff Report

Publication Date:

June 30, 2023

Electronic Access:

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Summary:

Despite a challenging global environment, Jordan’s economy continues to grow, albeit at a moderate pace, and the outlook is generally positive. Inflation is slowing in response to the tightening of monetary policy and lower commodity prices, and is expected to end 2023 at 2.7 percent, from its peak of 5.4 percent in September 2022. The current account deficit is projected to narrow this year, although less than projected earlier, and international reserves to remain at a comfortable level. Notwithstanding these positive trends, job creation remains a challenge, and unemployment remains very high.

Series:

Country Report No. 2023/240

Subject:

Arrears External debt Fiscal policy Fiscal stance Interest payments International organization Monetary policy Public debt

Frequency:

regular