Jordan: Request for an Extended Arrangement Under the Extended Fund Facility-Press Release; Staff Report; and Statement by the Executive Director for Jordan

September 14, 2016

Preview Citation

Format: Chicago

Jordan: Request for an Extended Arrangement Under the Extended Fund Facility-Press Release; Staff Report; and Statement by the Executive Director for Jordan, (USA: International Monetary Fund, 2016) accessed November 23, 2024

Summary

This paper discusses Jordan’s Request for an extended arrangement under the Extended Fund Facility (EFF). The economic growth of Jordan remains below potential. Unemployment is high, particularly for youth and women, and the refugee crisis is weighing on the economy and public finances. Real GDP growth is projected to increase to 2.8 percent in 2016, supported by lower oil prices relative to their 2014 peak, an accommodative monetary stance, and some recovery in private investment. In view of Jordan’s balance of payment needs, the policy actions already taken, and the comprehensive package of adjustment measures proposed by the authorities, the IMF staff supports the authorities’ request for an extended arrangement under the EFF.

Subject: Debt rescheduling, Financial institutions, Fiscal consolidation, Fiscal policy, Government debt management, Loans, Public debt, Public financial management (PFM), Revenue administration

Keywords: Africa, CR, Deficit, Economic reform reform program, Electricity company NEPCO, Europe, Fiscal consolidation, Global, Government balance, Government debt management, IMF quota, Indirect cost, ISCR, Loans, Middle East, NEPCO, Reform program, Refugee, Syrian refugee

Publication Details

Pages:

100
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/295
Stock No:

1JOREA2016001
ISBN:

9781475536263
ISSN:

1934-7685

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