{
  "title": "Jordan: First Review Under the Extended Arrangement Under the Extended Fund Facility and Request for Modification of Performance Criteria-Press Release; and Staff Report",
  "publication": "IMF Staff Country Reports, July 1, 2024",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2024/06/28/jordan-first-review-under-the-extended-arrangement-under-the-extended-fund-facility-and-551212",
  "canonical": "https://www.imf.org/en/publications/cr/issues/2024/06/28/jordan-first-review-under-the-extended-arrangement-under-the-extended-fund-facility-and-551212",
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  "summary": "This paper highlights Jordan’s First Review under the Extended Arrangement under the Extended Fund Facility and Request for Modification of Performance Criteria. Jordan’s economy continues to show resilience despite a challenging external environment.",
  "sections": [
    {
      "heading": "Macroeconomic outlook and near-term projections",
      "content": "- Jordan’s economy continues to show resilience despite a challenging external environment.\n- The economy continues to grow, albeit at a somewhat slower pace.\n- Inflation is low, and reserve buffers are strong.\n- Growth is projected to pick up pace in 2025, contingent upon the Israel-Gaza conflict ending and its impact fading.\n- Uncertainty is high, however, and structural challenges remain, with continued high unemployment."
    },
    {
      "heading": "Program implementation and structural benchmarks",
      "content": "- Strong progress was made in implementing structural benchmarks (SBs).\n- All six SBs for the first review were met.\n- Good progress is being made toward meeting SBs for the next review."
    },
    {
      "heading": "Policy stance and authorities’ commitments",
      "content": "- The authorities remain firmly committed to sound macro-economic policies and advancing structural reforms.\n- Policy objectives include maintaining macro stability, further strengthening economic resilience in the face of successive external shocks, and fostering stronger, job-rich growth.\n- Steadfast implementation of structural reforms is crucial to create a more dynamic private sector that can generate sufficient jobs and contribute to higher living standards."
    },
    {
      "heading": "Key subject areas covered",
      "content": "- External debt\n- Fiscal policy\n- Fiscal stance\n- Macrostructural analysis\n- Public debt\n- Structural reforms\n\nSource: IMF Staff Country Report, July 1, 2024.\n\n---\n\n Content in this bundle\n\n- Executive Summary\n  - Executive Summary (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Executive Summary (PDF){rel=\"external\" type=\"application/pdf\"}"
    }
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    "[Markdown version](/en/publications/cr/issues/2024/06/28/jordan-first-review-under-the-extended-arrangement-under-the-extended-fund-facility-and-551212/index.md)",
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    "Published: July 1, 2024",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9798400282447.002",
    "Jordan’s economy continues to show resilience despite a challenging external environment.",
    "The economy continues to grow, albeit at a somewhat slower pace.",
    "Inflation is low, and reserve buffers are strong.",
    "Growth is projected to pick up pace in 2025, contingent upon the Israel-Gaza conflict ending and its impact fading.",
    "Uncertainty is high, however, and structural challenges remain, with continued high unemployment.",
    "Strong progress was made in implementing structural benchmarks (SBs).",
    "All six SBs for the first review were met.",
    "Good progress is being made toward meeting SBs for the next review.",
    "The authorities remain firmly committed to sound macro-economic policies and advancing structural reforms.",
    "Policy objectives include maintaining macro stability, further strengthening economic resilience in the face of successive external shocks, and fostering stronger, job-rich growth.",
    "Steadfast implementation of structural reforms is crucial to create a more dynamic private sector that can generate sufficient jobs and contribute to higher living standards.",
    "**Executive Summary**"
  ],
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