Jordan: 2024 Article IV Consultation, Second Review Under the Extended Arrangement Under the Extended Fund Facility, and Request for Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Jordan
IMF Staff Country Reports, December 17, 2024
Source details
- Canonical URL
- Jordan: 2024 Article IV Consultation, Second Review Under the Extended Arrangement Under the Extended Fund Facility, and Request for Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Jordan
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Bibliographic details
- Published: December 17, 2024
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798400295645.002
Summary and context
- Discusses IMF’s 2024 Article IV Consultation, Second Review under the Extended Arrangement under the Extended Fund Facility, and Request for Modification of Performance Criteria for Jordan.
- Jordan continues to show resilience and maintain macro-economic stability, despite the headwinds caused by the regional conflict.
- Resilience reflects the authorities’ continued implementation of sound macro-economic policies and reform progress.
- Strong and timely international support remains crucial to help Jordan navigate through the external headwinds, while shouldering the costs of hosting a large number of Syrian refugees.
Macroeconomic outlook and external position
- Inflation is projected to remain low, at about 2 percent, reflecting the Central Bank of Jordan’s firm commitment to monetary stability and the exchange rate peg.
- Jordan’s external position remains relatively strong.
- Bringing the Jordanian economy onto a higher growth trajectory is essential to create more jobs and raise prosperity.
Policy priorities and reforms
- Accelerate structural reforms while maintaining macro-economic stability.
- Maintain Central Bank of Jordan’s commitment to monetary stability and the exchange rate peg.
- Continue implementation of sound macro-economic policies and reform progress to preserve resilience.
- Secure strong and timely international support to manage external headwinds and refugee-related fiscal pressures.
Themes and subject coverage
- Subjects addressed include: External debt, Fiscal policy, Fiscal stance, Gender, Gender inequality, Public debt.
- Keywords reflected in the report: authority of the Competition Department, development objective, digitalizing government service, executive board assessment, Fiscal stance, Gender inequality, Global, Jordanian authorities, pandemic preparedness.
Content in this bundle
- 1jorea2024003-print-pdf