Jordan First Review Under the Stand-By Arrangement, Request for Waivers of Nonobservance of Performance Criteria, Modification of Performance Criteria, and Rephasing of Access—Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Jordan

Fiscal consolidation, additional reserve buildup, and higher growth are key program objectives for the Jordanian authorities. Despite the socially difficult elimination of the fuel subsidy, program performance was mixed. Initiatives to strengthen banking supervision and develop capital markets are i...

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Bibliographic Details
Corporate Author: International Monetary Fund Middle East and Central Asia Dept
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2013
Series:IMF Staff Country Reports
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:Fiscal consolidation, additional reserve buildup, and higher growth are key program objectives for the Jordanian authorities. Despite the socially difficult elimination of the fuel subsidy, program performance was mixed. Initiatives to strengthen banking supervision and develop capital markets are important. The program addresses economic imbalances and safeguards social stability. Executive Directors are satisfied with the action taken to rebuild reserves through an increase in interest rates and by attracting donor funds, as well as domestic dollar-denominated financing. The government is committed to working on steps to boost revenue
Physical Description:87 pages
ISBN:9781484318751