Jordan: Technical Assistance Report-Monetary and Financial Statistics Mission

IMF Staff Country Reports, May 21, 2019

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Other depository corporations (ODC) constitute around 63 percent of the financial system’s assets.
Financial system dominated by ODCs relative to other sectors.

The technical assistance mission delivered objectives and agreed with the authorities on an action plan to improve the country’s monetary statistics.
The mission re-mapped the source data, using data from the aggregated balance sheet of the banking sector and the accompanying schedules through a bridge table.
The mission built a time series for all the required data and created a tool linking the data to the Standardized report forms.
The tool provides CBJ staff with a simpler method for data compilation.

Some progress has been made in the Central Bank trial accounts regarding the sectorization and classification of the financial instruments.
The Central Bank of Jordan (CBJ) has made substantive progress in improving human resource skills among staff.

The accounting principles are found to be broadly in line with the methodology of the IMF with some departures related to market valuation.
The accounting and valuation methodology implemented by the ODCs in Jordan are broadly in line with the recommended compilation practices identified in the Monetary and Financial Statistics Manual and Compilation Guide.

Considering the change in the source data since 2014, the mission re-mapped the source data.
Used aggregated balance sheet of the banking sector and accompanying schedules via a bridge table to reconcile and map data.
Built a time series for all required data and linked it to Standardized report forms through a new compilation tool.

International Monetary Fund. Jordan: Technical Assistance Report-Monetary and Financial Statistics Mission, May 21, 2019.