Jordan: Second Review Under the Stand-By Arrangement, Request for Waivers of Nonobservance of Performance Criteria, and Modification of Performance Criteria

December 19, 2013

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Format: Chicago

Jordan: Second Review Under the Stand-By Arrangement, Request for Waivers of Nonobservance of Performance Criteria, and Modification of Performance Criteria, (USA: International Monetary Fund, 2013) accessed September 20, 2024

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.

Subject: Arrears, External debt, Government debt management, Income and capital gains taxes, Public debt, Public financial management (PFM), Tariffs, Taxes

Keywords: Arrears, CR, Deficit, Energy strategy, Executive board's discussion, Government debt management, Income and capital gains taxes, Increase capital, ISCR, Middle East, Reform initiative, Refugee, Refugees have, Syria conflict, Tariff reform, Tariffs

Publication Details

Pages:

86
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2013/368
Stock No:

1JOREA2013002
ISBN:

9781484314173
ISSN:

1934-7685

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