Jordan: 2010 Article IV Consultation-Staff Report and Public Information Notice

International Monetary Fund

No 2010/297, IMF Staff Country Reports from International Monetary Fund

Abstract: The economy of Jordan was affected by the global crisis. Lower commodity prices helped improve Jordan’s external position. Effective banking supervision has strengthened the capacity of Jordanian banks to withstand shocks. The authorities have implemented prudent fiscal and monetary policies. The medium-term fiscal strategy should be supported by a number of institutional reforms. The fixed exchange rate regime remains important for financial stability. Bank regulation and supervision should continue to focus on preventing excessive risk-taking.

Keywords: ISCR; CR; foreign direct investment; headline inflation; deficit; monetary policy; Jordanian dinar; debt management; U.S. dollar; Real effective exchange rates; Commercial banks; Current account; Global; Middle East (search for similar items in EconPapers)
Pages: 71
Date: 2010-09-20
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Citations: View citations in EconPapers (11)

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