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.

December 27, 2012

Preview Citation

Format: Chicago

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., (USA: International Monetary Fund, 2012) accessed November 29, 2024

Summary

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.

Subject: External debt, Fuel prices, Oil prices, Prices, Public debt, Tariffs, Taxes

Keywords: CR, Debt service, Fuel prices, Global, ISCR, Jordan, Modification of the performance criteria, NIR calculation, NIR of the CBJ, NIR PC, Oil prices, Revenue loss, September, Tariffs

Publication Details

Pages:

93
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2012/343
Stock No:

1JOREA2012003
ISBN:

9781475598520
ISSN:

1934-7685

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