Jordan: Financial Sector Assessment Program-Financial System Stability Assessment
April 21, 2023
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Jordan: Financial Sector Assessment Program-Financial System Stability Assessment, (USA: International Monetary Fund, 2023) accessed November 21, 2024
Summary
The banking sector dominates Jordan’s financial system, and its strength is essential to support macroeconomic stability and the peg to the U.S. dollar. The authorities have implemented measures to enhance the system’s resilience and oversight since the 2008–09 FSAP, allowing it to withstand large shocks (Global Financial Crisis, Arab Spring, war in Syria and influx of refugees, COVID-19). Global growth headwinds, high energy and food prices as well as sharply rising interest rates are pressuring nonfinancial sector balance sheets.
Publication Details
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Pages:
81
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Volume:
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DOI:
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Issue:
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Series:
Country Report No. 2023/140
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Stock No:
1JOREA2023002
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ISBN:
9798400241338
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ISSN:
1934-7685
