Jordan: First Review Under the Extended Fund Facility Arrangement and Request for a Waiver of Nonobservance and Modifications of Performance Criteria, and Rephasing of Access-Press Release; Staff Report; and Statement by the Executive Director for Jordan

January 12, 2021

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Jordan: First Review Under the Extended Fund Facility Arrangement and Request for a Waiver of Nonobservance and Modifications of Performance Criteria, and Rephasing of Access-Press Release; Staff Report; and Statement by the Executive Director for Jordan, (USA: International Monetary Fund, 2021) accessed September 26, 2024

Summary

Timely containment, a large monetary stimulus, and targeted fiscal measures helped save lives and livelihoods during the first COVID-19 wave, but a significant second wave is still unfolding. The economic and human impact has been sizeable: real GDP is expected to decline by 3 percent in 2020; unemployment has surged to record levels; tourism and remittances have declined; and revenues of the central government and of other public sector entities have dropped, raising public debt to 90 percent of GDP. A new government and parliament have been ushered in, with welcome continuity in reform commitment.

Subject: Arrears, COVID-19, External debt, Fiscal stance, Public debt

Keywords: CR, Draft budget law, ISCR, Level staff, Reform agenda, SSC's labor support scheme, Staff appraisal

Publication Details

Pages:

101
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2021/011
Stock No:

1JOREA2021001
ISBN:

9781513566443
ISSN:

1934-7685

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