Jordan: Staff Report for the 2006 Article IV Consultation and Fourth Post-Program Monitoring Discussions

International Monetary Fund

No 2007/128, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2006 Article IV Consultation highlights that the Jordanian economy has performed remarkably well in recent years, mainly owing to far-reaching macroeconomic and structural reforms. Despite negative shocks, growth has been robust, inflation has remained low, public debt has continued to fall, and reserves have reached an all-time high. Economic performance remained strong in 2006. Growth is estimated at 6 percent for the year, reflecting buoyant domestic demand, in part financed by large private capital inflows. Average inflation was 6.3 percent, stemming mainly from fuel and imported food price increases.

Keywords: ISCR; CR; discussion; discussions informational annex; broad money; Jordanian dinar; debt burden; private sector; Jordan well; fund position; Current account deficits; Current spending; Middle East; East Asia; Central Asia (search for similar items in EconPapers)
Pages: 56
Date: 2007-03-26
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