Imf Jordan Report
jordan report wallpaperBased on information available at the time of these discussions the staff report was completed on March 11 2020. The Staff Report prepared by a staff team of the IMF for the Executive Boards consideration on March 25 2020 following discussions that ended on January 30 2020 with the officials of Jordan on economic developments and policies.
The IMF Executive Board supports Jordans efforts to save lives and livelihoods in the wake of the COVID-19 shock and has enhanced the IMF-supported programs flexibility to accommodate.
Imf jordan report. In March 2020 the IMF approved a 48-month arrangement under the Extended Fund Facility EFF with Jordan for an amount equivalent to 13 billion or 270 percent of Jordans quota to support the countrys economic and financial reform program and help the Jordanian authorities cope with the COVID-19 pandemic. Latest Reports With IMF. For optimum experience we recommend to update your browser to the latest version.
The staff report for the 2004 Article IV Consultation on Jordan highlights economic developments and policies. The IMF in Jordan Jordans four-year Extended Fund Facility EFF is a partnership between the Jordanian government and IMF staff which focuses its 13 billion on growth jobs and social safety nets. This includes provision of US400 million of emergency financing in May under the Rapid Financing Instrument.
Issues And Reform Options. The evaluation provides an opportunity to assess typical features of relations between the IMF and its borrowing members and to put into a specific country context IEOs earlier findings on program design and the links between programs surveillance and technical assistance. Soon after the outbreak the Government of Jordan announced a first set of measures and incentives to address immediate liquidity and cost of financing concerns for various sectorsbusinesses and measures to protect vulnerable households.
The government has embarked on a substantial improvement of the education system with support from an education sector. Nonetheless data inadequacies persist particularly in the areas of the expenditure side of the national accounts and in employment and wage statistics which continue to hamper economic analysis and policy formation. Jordan has made progress in reforming its economy since the 2017 Article IV consultation but significant challenges remain.
Jordan has done well at minimizing the health impact of the COVID19 crisis. Despite a difficult environment macroeconomic stability has been preserved external imbalances have improved markedly and reserves buffers have remained adequate. IMF Executive Board Completes First Review Under the Extended Fund Facility for Jordan Issued 2262017 EFF Program Public Expenditure Review And Rationalization.
Since completion of the first review Jordan has preserved macroeconomic stability in a most difficult environment. Government activities are generally distinguished from those of public financial institution. This report evaluates the role of the IMF in supporting economic reform in Jordan during 1989-2004.
This paper examines the Report on the Observance of Standards and Codes on Jordans fiscal transparency. IMF Staff Concludes Visit to Jordan Issued 2017315. The evaluation provides an opportunity to assess typical features of relations between the IMF and its borrowing members and to put into a specific country context IEOs earlier findings on program design and the links between programs surveillance and technical assistance.
Completion of the review released Fund financing in the amount of around US148 million bringing total IMF disbursements to Jordan in 2020 to US689 million. Jordan has made significant progress since the 2014 Article IV Consultation but pressing challenges remain. Jordan is to be congratulated for its January 2010 subscription to the IMFs Special Data Dissemination Standard.
Ali Abbas concluded virtual discussions with the Jordanian authorities and reached a staff-level agreement on the first review of the authorities economic reform program supported by the Extended Fund Facility EFF arrangement. IMF Executive Board Concludes 2017 Article IV Consultation July 24 2017 On June 21 2017 the Executive Board of the International Monetary Fund IMF concluded the Article IV consultation 1 with Jordan. Jordans economic situation still difficult reforms must be implemented International Monetary Fund IMF Mission Chief to Jordan Martin Cerisola said on Wednesday May 15 2019 that there are many signs of improvement in economic performance though Jordan is facing difficult circumstances and pressing challenges.
An International Monetary Fund IMF team led by S. The loan program approved on March 25 2020 will create more jobs for women and young people. General sales tax collections increased strongly boosted by high import growth and improved revenue administration.
Your browser is not up-to-date. This report evaluates the role of the IMF in supporting economic reform in Jordan during 1989-2004. It has weathered a series of severe and highly persistent shocks including regional conflicts domestic uncertainty the hosting of Syrian refugees the disruption of critical export markets and rising borrowing costs.
