Jordan: Second Review Under the Stand-By Arrangement, Request for Waivers of Nonobservance of Performance Criteria, and Modification of Performance Criteria
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Summary:
This paper discusses Jordan’s Second Review Under the Stand-by Arrangement, Request for Waivers of Nonobservance of Performance Criteria (PCs), and Modification of PCs. Program performance is broadly on track. The central bank rebuilt reserves, which are now at a comfortable level and well above what was programmed. The national electricity company’s losses were in line with the program through June, but the end-September PC is estimated to have been missed because a temporary interruption in gas flows required more expensive fuel imports. The IMF staff strongly supports the authorities’ plans to seek higher grants.
Series:
Country Report No. 2013/368
Subject:
Arrears External debt Government debt management Income and capital gains taxes Public debt Public financial management (PFM) Tariffs Taxes
English
Publication Date:
December 19, 2013
ISBN/ISSN:
9781484314173/1934-7685
Stock No:
1JOREA2013002
Pages:
86
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