{
  "title": "Jordan: Second Review Under the Extended Arrangement Under the Extended Fund Facility, Requests for a Waiver of Nonobservance of Performance Criterion, an Extension of the Arrangement, and Rephasing of Access—Press Release; Staff Report; and Statement by the Executive Director for Jordan",
  "publication": "IMF Staff Country Reports, May 15, 2019",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2019/05/08/jordan-second-review-under-the-extended-arrangement-under-the-extended-fund-facility-46879",
  "canonical": "https://www.imf.org/en/publications/cr/issues/2019/05/08/jordan-second-review-under-the-extended-arrangement-under-the-extended-fund-facility-46879",
  "overlayPath": "/en/publications/cr/issues/2019/05/08/jordan-second-review-under-the-extended-arrangement-under-the-extended-fund-facility-46879/index.md",
  "summary": "This paper discusses Jordan’s Second Review under the Extended Arrangement under the Extended Fund Facility, Requests for a Waiver of Nonobservance of Performance Criterion, an extension of the arrangement, and rephasing of access.",
  "sections": [
    {
      "heading": "Program context and actions",
      "content": "- Second review under the Extended Arrangement under the Extended Fund Facility (EFF).\n- Requests considered: a waiver of nonobservance of a performance criterion, an extension of the arrangement, and rephasing of access.\n- Date of publication: May 15, 2019.\n- Report length: 99 pages.\n- Series: Country Report No. 2019/127; Issue: 127.\n- DOI: https://doi.org/10.5089/9781498313841.002\n- ISBN: 9781498313841\n- Stock No: 1JOREA2019001"
    },
    {
      "heading": "Macroeconomic assessment and near-term environment",
      "content": "- Findings:\n  - Jordanian authorities have preserved macroeconomic stability.\n  - Monetary policy is described as prudent.\n  - The financial system is characterized as sound.\n  - Jordan faces a challenging environment including low economic growth, high unemployment, and elevated public debt.\n- Implications emphasized:\n  - Swift implementation of policies and reforms is important to:\n    - bring public debt on a downward path,\n    - boost investment and productivity,\n    - enhance inclusive growth."
    },
    {
      "heading": "Structural reforms and legal measures",
      "content": "- Enacted laws highlighted as growth-enhancing:\n  - secured transactions law,\n  - bankruptcy law,\n  - business-inspections law.\n- Assessment: Enactment of these long-needed reforms is described as encouraging."
    },
    {
      "heading": "External support and financing",
      "content": "- International community support is noted for the new government’s commitment to:\n  - maintain reform momentum,\n  - strengthen growth,\n  - reduce public debt.\n- The London Initiative (February 2019) helped unlock essential budget grants and concessional financing to support the authorities’ reform program."
    },
    {
      "heading": "Policy recommendations and program priorities",
      "content": "- Priority actions (as presented in the material):\n  - Swiftly implement policies and reforms to reduce public debt.\n  - Adopt measures to boost investment and productivity.\n  - Advance reforms that promote inclusive growth.\n  - Maintain prudent monetary policy and preserve financial system soundness while pursuing fiscal consolidation and structural reform."
    },
    {
      "heading": "Thematic tags and subject coverage",
      "content": "- Subjects listed: Arrears, Debt rescheduling, External debt, Income and capital gains taxes, Income tax systems, Public debt, Revenue administration, Taxes.\n- Keywords included: access budget grant, Arrears, CR, electricity company NEPCO, executive board assessment, Global, Income and capital gains taxes, Income tax systems, ISCR, NEPCO, reform, reform effort, reform public sector, telecommunication company.\n\nSource: Jordan: Second Review Under the Extended Arrangement Under the Extended Fund Facility, Requests for a Waiver of Nonobservance of Performance Criterion, an Extension of the Arrangement, and Rephasing of Access—Press Release; Staff Report; and Statement by the Executive Director for Jordan (IMF Staff Country Reports 2019, 127), May 15, 2019.\n\n---\n\n Content in this bundle\n\n- Jordan: Second Review Under the Extended Arrangement Under the Extended Fund Facility\n  - Jordan: Second Review Under the Extended Arrangement Under the Extended Fund Facility (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Jordan: Second Review Under the Extended Arrangement Under the Extended Fund Facility (PDF){rel=\"external\" type=\"application/pdf\"}"
    }
  ],
  "bullets": [
    "[Markdown version](/en/publications/cr/issues/2019/05/08/jordan-second-review-under-the-extended-arrangement-under-the-extended-fund-facility-46879/index.md)",
    "[Structured JSON version](/en/publications/cr/issues/2019/05/08/jordan-second-review-under-the-extended-arrangement-under-the-extended-fund-facility-46879/index.json)",
    "[Bundle manifest](/en/publications/cr/issues/2019/05/08/jordan-second-review-under-the-extended-arrangement-under-the-extended-fund-facility-46879/bundle-manifest.json)",
    "Published: May 15, 2019",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781498313841.002",
    "Second review under the Extended Arrangement under the Extended Fund Facility (EFF).",
    "Requests considered: a waiver of nonobservance of a performance criterion, an extension of the arrangement, and rephasing of access.",
    "Date of publication: May 15, 2019.",
    "Report length: 99 pages.",
    "Series: Country Report No. 2019/127; Issue: 127.",
    "DOI: https://doi.org/10.5089/9781498313841.002",
    "ISBN: 9781498313841",
    "Stock No: 1JOREA2019001",
    "Findings:",
    "Implications emphasized:",
    "Enacted laws highlighted as growth-enhancing:",
    "Assessment: Enactment of these long-needed reforms is described as encouraging.",
    "International community support is noted for the new government’s commitment to:",
    "The London Initiative (February 2019) helped unlock essential budget grants and concessional financing to support the authorities’ reform program.",
    "Priority actions (as presented in the material):",
    "Subjects listed: Arrears, Debt rescheduling, External debt, Income and capital gains taxes, Income tax systems, Public debt, Revenue administration, Taxes.",
    "Keywords included: access budget grant, Arrears, CR, electricity company NEPCO, executive board assessment, Global, Income and capital gains taxes, Income tax systems, ISCR, NEPCO, reform, reform effort, reform public sector, telecommunication company.",
    "**Jordan: Second Review Under the Extended Arrangement Under the Extended Fund Facility**"
  ],
  "related": [
    {
      "title": "Jordan: Second Review Under the Extended Arrangement Under the Extended Fund Facility",
      "role": "document",
      "sourceUrl": "https://www.imf.org/-/media/files/publications/cr/2019/1jorea2019001.pdf",
      "summary": {
        "path": "/-/media/files/publications/cr/2019/1jorea2019001.pdf.md",
        "mime": "text/markdown"
      },
      "binary": {
        "path": "/-/media/files/publications/cr/2019/1jorea2019001.pdf",
        "mime": "application/pdf"
      }
    }
  ],
  "alternates": {
    "markdown": "/en/publications/cr/issues/2019/05/08/jordan-second-review-under-the-extended-arrangement-under-the-extended-fund-facility-46879/index.md",
    "json": "/en/publications/cr/issues/2019/05/08/jordan-second-review-under-the-extended-arrangement-under-the-extended-fund-facility-46879/index.json",
    "bundleManifest": "/en/publications/cr/issues/2019/05/08/jordan-second-review-under-the-extended-arrangement-under-the-extended-fund-facility-46879/bundle-manifest.json"
  },
  "generatedAtUtc": "2026-09-13T00:03:31.94Z"
}