EXECUTIVE SUMMARY Regional instability continues to affect Jordan. The conflict in Syria and shortfalls in gas flows from Egypt are putting pressure on the fiscal and external accounts. The large inflow of refugees from Syria is also straining labor and housing markets as well as the provision...

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...

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...

This paper presents Jordan's Sixth Review under the Extended Arrangement under the Extended Fund Facility and Request for Modification of Performance Criteria. The IMF-supported program remains firmly on track, with key quantitative targets met and strong performance on structural benchmarks,...

This Selected Issues paper explores the main obstacles related to low female labor force participation in Jordan. Lack of access to safe and reliable public transportation can hamper labor market choices for women. Gender-based legal restrictions may also prevent women from participating in the...

This paper discusses Jordan's 2022 Article IV Consultation and Fourth Review under the Extended Arrangement under the Extended Fund Facility (EFF), Request for Augmentation and Rephasing of Access, and Modification of Performance Criteria. Jordan's EFF program remains firmly on track. The...

The International Monetary Fund (IMF)'s Middle East Regional Technical Assistance Center (METAC) is currently assisting the Central Bank of Jordan (CBJ) in enhancing its risk-based supervision through the development of a Supervisory Review and Evaluation SRP framework inspired from European...

This paper presents Jordan's Request for an Extended Arrangement under the Extended Fund Facility and Cancellation of the Current Arrangement under the Extended Fund Facility (EFF). Building on Jordan's consistently strong performance under the previous program, the new EFF arrangement will...

This Selected Issues paper investigates the macroeconomic impact of the Syria crisis on Jordan. It is indicated that the crisis: (1) had an overall negative impact on measured output growth-although anecdotal evidence suggests possibly a positive impact on output in the informal sector; (2)...

This paper focuses on Jordan's 2014 Article IV Consultation, Third and Fourth Reviews Under the Stand-By Arrangement (SBA), Request for Waivers of Nonobservance of Performance Criterion (PC) and Applicability of PCs. The program is broadly on track and, looking forward, will focus on deep tax...