Jordan: 2008 Article IV Consultation: Staff Report; and Public Information Notice on the Executive Board Discussion

International Monetary Fund

No 2008/290, IMF Staff Country Reports from International Monetary Fund

Abstract: Jordan’s 2008 Article IV Consultation discusses the appropriate policy response to mounting fiscal and external vulnerabilities and higher inflation. Sharply higher world fuel and food prices led to a marked widening of the fiscal and external current account deficits and, more recently, a jump in inflation. Economic prospects remain broadly favorable, though the public and external sector imbalances imply increased challenges to sustaining strong macroeconomic performance. Structural reforms are proceeding, aimed at reducing distortions and enhancing the private sector’s growth prospects.

Keywords: ISCR; CR; deficit; FDI inflow; Jordan; assessment mission; Jordanian dinar; interest differential; core inflation; data ROSC update mission; current account adjustment; foreign direct investment survey; portfolio inflow; financing datum; oil price development; Government finance statistics; Middle East (search for similar items in EconPapers)
Pages: 52
Date: 2008-08-22
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