Jordan: Sixth Review Under the Stand-By Arrangement, Request for Waivers of Applicability of Performance Criteria, and Rephasing of Access

International Monetary Fund

No 2015/115, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper discusses Jordan’s Sixth Review Under the Stand-By Arrangement, Request for Waivers of Applicability of Performance Criteria (PC), and Rephasing of Access. PC Program performance remains broadly on course. All end-March 2015 PCs are expected to be met. Structural performance saw improvement, including the pre-approval of a credit bureau and the establishment of a new public investment framework. There is an urgent need for broad-based policy actions in the labor market to put the unemployed into jobs, increase female labor force participation, and reform public-sector compensation and hiring practices. The IMF staff supports the completion of the sixth review and the related purchase.

Keywords: ISCR; CR; reform public sector hiring; indirect cost; oil price; executive board's discussion; hosting refugee; labor market participation; Oil prices; Government debt management; Credit; Current account; Global; Middle East; Europe; Africa (search for similar items in EconPapers)
Pages: 71
Date: 2015-05-07
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