Jordan: Sixth Review Under the Extended Arrangement Under the Extended Fund Facility and Request for Modification of Performance Criteria-Press Release; and Staff Report

June 30, 2023

Preview Citation

Format: Chicago

Jordan: Sixth Review Under the Extended Arrangement Under the Extended Fund Facility and Request for Modification of Performance Criteria-Press Release; and Staff Report, (USA: International Monetary Fund, 2023) accessed December 24, 2024

Summary

Despite a challenging global environment, Jordan’s economy continues to grow, albeit at a moderate pace, and the outlook is generally positive. Inflation is slowing in response to the tightening of monetary policy and lower commodity prices, and is expected to end 2023 at 2.7 percent, from its peak of 5.4 percent in September 2022. The current account deficit is projected to narrow this year, although less than projected earlier, and international reserves to remain at a comfortable level. Notwithstanding these positive trends, job creation remains a challenge, and unemployment remains very high.

Subject: Arrears, External debt, Fiscal policy, Fiscal stance, Interest payments, International organization, Monetary policy, Public debt

Keywords: Arrears, Fiscal stance, Global, Government balance, Interest payments, Jordanian dinar, Logistics support, Program financing, Prudent fiscal policy, Transparency policy

Publication Details

Pages:

68
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2023/240
Stock No:

1JOREA2023003
ISBN:

9798400246043
ISSN:

1934-7685

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