Jordan: 2008 Article IV Consultation: Staff Report; and Public Information Notice on the Executive Board Discussion

August 22, 2008

Preview Citation

Format: Chicago

Jordan: 2008 Article IV Consultation: Staff Report; and Public Information Notice on the Executive Board Discussion, (USA: International Monetary Fund, 2008) accessed November 23, 2024

Summary

Jordan’s 2008 Article IV Consultation discusses the appropriate policy response to mounting fiscal and external vulnerabilities and higher inflation. Sharply higher world fuel and food prices led to a marked widening of the fiscal and external current account deficits and, more recently, a jump in inflation. Economic prospects remain broadly favorable, though the public and external sector imbalances imply increased challenges to sustaining strong macroeconomic performance. Structural reforms are proceeding, aimed at reducing distortions and enhancing the private sector’s growth prospects.

Subject: Current account, Economic and financial statistics, Expenditure, External debt, Fiscal policy, Government finance statistics, Public debt

Keywords: Assessment mission, Core inflation, CR, Current account adjustment, Data ROSC update mission, Deficit, FDI inflow, Financing datum, Foreign direct investment survey, Government finance statistics, Interest differential, ISCR, Jordan, Jordanian dinar, Middle East, Oil price development, Portfolio inflow

Publication Details

Pages:

52
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2008/290
Stock No:

1JOREA2008001
ISBN:

9781451820386
ISSN:

1934-7685

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