Jordan: Second Review Under the Stand-By Arrangement, Request for Waivers of Nonobservance of Performance Criteria, and Modification of Performance Criteria

International Monetary Fund

No 2013/368, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper discusses Jordan’s Second Review Under the Stand-by Arrangement, Request for Waivers of Nonobservance of Performance Criteria (PCs), and Modification of PCs. Program performance is broadly on track. The central bank rebuilt reserves, which are now at a comfortable level and well above what was programmed. The national electricity company’s losses were in line with the program through June, but the end-September PC is estimated to have been missed because a temporary interruption in gas flows required more expensive fuel imports. The IMF staff strongly supports the authorities’ plans to seek higher grants.

Keywords: ISCR; CR; deficit; executive board's discussion; refugee; reform initiative; increase capital; Syria conflict; tariff reform; energy strategy; refugees have; Tariffs; Government debt management; Income and capital gains taxes; Arrears; Middle East (search for similar items in EconPapers)
Pages: 86
Date: 2013-12-19
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Citations: View citations in EconPapers (8)

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