Jordan: Staff Report for the 2006 Article IV Consultation and Fourth Post-Program Monitoring Discussions

March 26, 2007

Preview Citation

Format: Chicago

Jordan: Staff Report for the 2006 Article IV Consultation and Fourth Post-Program Monitoring Discussions, (USA: International Monetary Fund, 2007) accessed November 21, 2024

Summary

This 2006 Article IV Consultation highlights that the Jordanian economy has performed remarkably well in recent years, mainly owing to far-reaching macroeconomic and structural reforms. Despite negative shocks, growth has been robust, inflation has remained low, public debt has continued to fall, and reserves have reached an all-time high. Economic performance remained strong in 2006. Growth is estimated at 6 percent for the year, reflecting buoyant domestic demand, in part financed by large private capital inflows. Average inflation was 6.3 percent, stemming mainly from fuel and imported food price increases.

Subject: Balance of payments, Current account deficits, Current spending, Expenditure, External debt, Public debt

Keywords: Broad money, Central Asia, CR, Current account deficits, Current spending, Debt burden, Discussion, Discussions informational annex, East Asia, Fund position, ISCR, Jordan well, Jordanian dinar, Middle East, Private sector

Publication Details

Pages:

56
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2007/128
Stock No:

1JOREA2007001
ISBN:

9781451820362
ISSN:

1934-7685

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