Jordan: 2010 Article IV Consultation-Staff Report and Public Information Notice
IMF Staff Country Reports, September 20, 2010
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- Jordan: 2010 Article IV Consultation-Staff Report and Public Information Notice
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Bibliographic details
- Published: September 20, 2010
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781455208562.002
Executive summary and major findings
- The economy of Jordan was affected by the global crisis.
- Lower commodity prices helped improve Jordan’s external position.
- Effective banking supervision has strengthened the capacity of Jordanian banks to withstand shocks.
- The authorities have implemented prudent fiscal and monetary policies.
- The medium-term fiscal strategy should be supported by a number of institutional reforms.
- The fixed exchange rate regime remains important for financial stability.
- Bank regulation and supervision should continue to focus on preventing excessive risk-taking.
Key subjects and keywords
- Subject: Balance of payments, Commercial banks, Current account, Financial institutions, Fiscal policy, Foreign exchange, Public debt, Real effective exchange rates
- Keywords: Commercial banks, CR, Current account, debt management, deficit, foreign direct investment, Global, headline inflation, ISCR, Jordanian dinar, Middle East, monetary policy, Real effective exchange rates, U.S. dollar
Policy implications and recommended actions
- Support the medium-term fiscal strategy with institutional reforms (unspecified in the summary).
- Maintain the fixed exchange rate regime to preserve financial stability.
- Continue strong bank regulation and supervision, with emphasis on preventing excessive risk-taking.
International Monetary Fund. "Jordan: 2010 Article IV Consultation-Staff Report and Public Information Notice", IMF Staff Country Reports 2010, 297 (2010).