New Energy Sources for Jordan : Macroeconomic Impact and Policy Considerations

Author/Editor:

Andrea Gamba

Publication Date:

May 28, 2015

Electronic Access:

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Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary:

Jordan’s initiatives to reduce its energy dependency could have substantial macroeconomic implications, but will crucially depend on the level of international oil prices in the next decade. Significant uncertainties remain regarding the feasibility of the initiatives and their potential fiscal costs, including from contingent liabilities, could be very large. Given the lead time required for such major investments, work should start now on: (i) conducting comprehensive cost-benefits analysis of these projects; (ii) addressing the challenges arising from the taxation of natural resources; and (iii) designing a fiscal framework to anchor fiscal policies if revenue from these energy projects materializes.

Series:

Working Paper No. 15/115

Subject:

English

Publication Date:

May 28, 2015

ISBN/ISSN:

9781513544038/1018-5941

Stock No:

WPIEA2015115

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

21

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