Jordan: Staff Report for the 2012 Article IV Consultation
IMF Staff Country Reports, May 22, 2012
Source details
- Canonical URL
- Jordan: Staff Report for the 2012 Article IV Consultation
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Bibliographic details
- Published: May 22, 2012
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475503784.002
Economic performance
- Pace of economic activity in Jordan remains subdued.
- Following a period of robust growth during 2000–09 supported by a favorable external environment, economic activity slowed sharply.
- Jordan faces risks from a further deterioration in its terms of trade.
External and regional risks
- Unrest in neighboring countries is a significant downside risk.
- Terms of trade deterioration is highlighted as an additional external vulnerability.
Fiscal policy and reforms
- Directors welcomed the fiscal tightening in the 2012 budget.
- Authorities have put forward a three-year fiscal reform agenda aimed at strengthening public finances.
Institutional assessment
- Executive Directors commended the authorities’ track record of prudent and effective macroeconomic management.
Thematic coverage (as stated)
- Balance of payments
- Banking; Commercial banks
- Current account; Current account deficits
- Fiscal policy; Fiscal stance; Fiscal consolidation effort; Public debt
- Real effective exchange rates
- Inflation: headline inflation; inflation expectation
- Energy and pricing: electricity pricing; prices of oil imports; pricing schedule
- Other: consumer, exchange rate, financing need, GCC economy, Middle East, real GDP, rebound, World bank Group strategy
Source: Jordan: Staff Report for the 2012 Article IV Consultation (May 22, 2012).
Content in this bundle
- Jordan: 2012 Article IV Consultation; IMF Country Report 12/119; March 23, 2012