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International Monetary Fund

The staff report for the 2004 Article IV Consultation on Jordan highlights economic developments and policies. General sales tax collections increased strongly boosted by high import growth and improved revenue administration. The government has embarked on a substantial improvement of the education system, with support from an education sector reform loan from the World Bank. The integration of the sales and income tax departments into a unified revenue department will also contribute by strengthening tax collections and enforcement.

International Monetary Fund

The staff report for the Third Review Under the Stand-By Arrangement on Jordan highlights the economic developments and policies. Additional grants and higher tax revenue will offset the loss of the oil surplus and the increase in petroleum subsidies. The authorities intend to limit total budgetary expenditure to the program level with a view to achieving the fiscal deficit target. The authorities recognized an upside potential on the revenue side, and in such an event, they intend to save a large portion of the overperformance for further deficit and debt reduction.

Mr. Jacques Bouhga-Hagbe
Workers' remittances have been playing an increasingly important role in the balance of payments of many countries and can significantly contribute to the strength of their external positions. Assessing the likely stability of remittance flows could be a valuable input to the analysis of their external vulnerabilities. This paper argues that "altruism," as a motive to send money home, would contribute to the stability of these flows. Using a simple framework that relates workers' remittances to agricultural GDP, which is used as an indicator of economic "hardship" in the home country, evidence suggests that altruism could have played an important role in the flow of remittances to Egypt, Jordan, Morocco, Pakistan, and Tunisia in recent years.