Narrow Your Choices

Refine By Countries

Refine By Topic

Refine By Series

Refine By Language

Refine By Date

—

Refine By IMF Taxonomy

Refine By JEL Taxonomy

Refine by LOC Taxonomy

Refine By THEMA Taxonomy

  • Print
  • Save

Browse

You are looking at 1 - 1 of 1 items for :

  • Type: Journal Issue x
  • Petroleum industry and trade x
  • Business and Economics x
  • Policy Objectives; Policy Designs and Consistency; Policy Coordination x
  • Egypt, Arab Republic of x
  • Trade Policy; International Trade Organizations x
Clear All Modify Search
Cover IMF Working Papers
New Energy Sources for Jordan: Macroeconomic Impact and Policy Considerations
Mr. Andrea Gamba
Jordan’s initiatives to reduce its energy dependency could have substantial macroeconomic implications, but will crucially depend on the level of international oil prices in the next decade. Significant uncertainties remain regarding the feasibility of the initiatives and their potential fiscal costs, including from contingent liabilities, could be very large. Given the lead time required for such major investments, work should start now on: (i) conducting comprehensive cost-benefits analysis of these projects; (ii) addressing the challenges arising from the taxation of natural resources; and (iii) designing a fiscal framework to anchor fiscal policies if revenue from these energy projects materializes.
Keywords:
WP; authority; cost; Jordan; monopoly power; energy strategy; energy; Middle East; fiscal policy; import bill; NEPCO cost recovery; import savings; maintenance cost; fuel mix; Oil prices; Oil; Imports; Renewable energy; Tariffs