Jordan : First Review Under the Stand-By Arrangement, Request for Waivers of Nonobservance of Performance Criteria, Modification of Performance Criteria, and Rephasing of Access—Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Jordan

Publication Date: May 23, 2013
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Summary: Fiscal consolidation, additional reserve buildup, and higher growth are key program objectives for the Jordanian authorities. Despite the socially difficult elimination of the fuel subsidy, program performance was mixed. Initiatives to strengthen banking supervision and develop capital markets are important. The program addresses economic imbalances and safeguards social stability. Executive Directors are satisfied with the action taken to rebuild reserves through an increase in interest rates and by attracting donor funds, as well as domestic dollar-denominated financing. The government is committed to working on steps to boost revenue.
Series: Country Report No. 13/130
Subject(s): Stand-by arrangement reviews | Transition economies | Unemployment | Fiscal policy | Fiscal consolidation | Energy sector | Monetary policy | Economic indicators | Debt sustainability analysis | Staff Reports | Press releases | Performance criteria waivers | Performance criteria modifications | Jordan

Publication Date: May 23, 2013
ISBN/ISSN: 9781484318751/1934-7685 Format: Paper
Stock No: 1JOREA2013001 Pages: 87
US$18.00 (Academic Rate:
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