Jordan: Request for a Stand-By Arrangement—Staff Report; Staff Supplement; Request for Modification of Performance Criteria; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Jordan

International Monetary Fund

No 2012/343, IMF Staff Country Reports from International Monetary Fund

Abstract: Jordan’s external vulnerabilities, arising mainly from the energy sector, increased during the last decade. Aided by exceptionally large grants, fiscal policy accommodated the social impact of these shocks. Concerns about social tensions at the beginning of the year put on hold the needed fiscal consolidation. At the same time, balance of payments pressures intensified. The authorities’ program is designed to correct the fiscal and external imbalances and support the exchange rate peg. Structural policies will focus on supporting growth and employment.

Keywords: ISCR; CR; NIR PC; debt service; NIR calculation; Jordan; September; NIR of the CBJ; revenue loss; modification of the performance criteria; Fuel prices; Oil prices; Tariffs; Global (search for similar items in EconPapers)
Pages: 93
Date: 2012-12-27
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