Jordan: Request for an Extended Arrangement Under the Extended Fund Facility and Cancellation of the Current Arrangement Under the Extended Fund Facility-Press Release; Staff Report; and Statement by the Executive Director for Jordan
IMF Staff Country Reports, January 11, 2024
Source details
- Canonical URL
- Jordan: Request for an Extended Arrangement Under the Extended Fund Facility and Cancellation of the Current Arrangement Under the Extended Fund Facility-Press Release; Staff Report; and Statement by the Executive Director for Jordan
Other formats
Bibliographic details
- Published: January 11, 2024
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798400262517.002
Overview and Purpose
- Presents Jordan’s Request for an Extended Arrangement under the Extended Fund Facility and Cancellation of the Current Arrangement under the Extended Fund Facility (EFF).
- The new EFF arrangement builds on Jordan’s "consistently strong performance under the previous program".
- The arrangement will support authorities’ efforts toward:
- maintaining macro-stability;
- further building resilience;
- accelerating structural reforms to achieve stronger, more inclusive growth and job creation.
Key Findings on Economic Performance
- Sound policymaking and support from international partners have helped Jordan:
- withstand a series of shocks over the past few years;
- maintain macro-stability;
- sustain broad-based economic growth and market access;
- strengthen social safety nets.
- Going forward, supported by the new EFF arrangement, policies are focused on:
- maintaining macro-stability;
- further building resilience;
- accelerating structural reforms to achieve stronger, more inclusive growth and job creation;
- tackling high unemployment.
Policy Priorities and Structural Reform Agenda
- Further progress in implementing structural reforms is crucial to:
- improve the business environment;
- attract private investment;
- create a dynamic private sector;
- foster job-rich growth;
- achieve the objectives of Jordan’s Economic Modernization Vision.
Thematic Coverage (as listed)
- Arrears
- Expenditure
- External debt
- Fiscal policy
- Fiscal stance
- International organization
- Monetary policy
- Public debt
Keywords (as listed)
- Arrears
- economy well
- EFF arrangement
- Fiscal stance
- Global
- government entity
- Jordan compact
- reform agenda
Publication and Document Metadata
- Pages: 107
- Volume: 2024
- Issue: 010
- Series: Country Report No. 2024/010
- DOI: https://doi.org/10.5089/9798400262517.002
- Stock No: 1JOREA2024001
- ISBN: 9798400262517
- ISSN: 1934-7685
- Publication date: January 11, 2024
Source: IMF Staff Country Report titled "Jordan: Request for an Extended Arrangement Under the Extended Fund Facility and Cancellation of the Current Arrangement Under the Extended Fund Facility-Press Release; Staff Report; and Statement by the Executive Director for Jordan" (Country Report No. 2024/010).
Content in this bundle
- 1jorea2024001 - Executive Summary