Search for other papers by Mr. Edouard Maciejewski in
Current site
Google Scholar
Search for other papers by Ahsan S. Mansur in
Current site
Google Scholar
Abstract
In recent years, Jordan has made major progress toward achieving macroeconomic stabilization and sustained economic growth. The country’s remarkable success in achieving high real growth with continued price stability and a strengthening of its balance of payments is attributable to the stabilization and reform strategy the authorities adopted in the wake of the balance of payments crisis of the late 1980s. The strategy was further strengthened in the aftermath of the August 1990 regional crisis when 300,000 Jordanians (about 10 percent of the population) returned from neighboring countries, leading to a sharp increase in unemployment, a disruption of trade, a loss of remittances, and a stoppage of aid flows from other countries in the region.
International Monetary Fund Copyright © 2010-2021. All Rights Reserved.