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Middle East and Central Asia > Jordan

You are looking at 1 - 5 of 5 items for :

  • Type: Journal Issue x
  • National Government Expenditures and Related Policies: Infrastructures; Other Public Investment and Capital Stock x
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Cover High-Level Summary Technical Assistance Reports
Jordan: Climate Module of the Public Investment Management Assessment and Green Public Financial Management
Bryn Battersby
,
Diala Al Masri
,
Robert N Clifton
,
Ed Hearne
,
Murray Petrie
, and
Jad Mazahreh
The assistance assessed how climate change impacts and mitigation and adaptation responses are addressed in the public investment cycle using the Climate Module of the Public Investment Management Assessment (C-PIMA). The assistance also evaluated the scope to advance Green Public Financial Management (PFM) practices, drawing on the IMF’s new Green PFM framework. Jordan was found to performs well in the climate-aware planning and coordination institutions of the C-PIMA, but some gaps were identified in implementation aspects of the framework, and there were several areas where climate could be better integrated in the PFM system.
Keywords:
Public investment management; C-PIMA; climate change; Green PFM; climate change consideration; PFM system; planning institution; Green PFM framework; C-PIMA show Jordan; climate change planning; climate sensitivity; Public Investment Management Assessment (PIMA); Public investment spending
Cover PIMA Handbook
PIMA Handbook
Public Investment Management Assessment, 1st Edition
International Monetary Fund. Fiscal Affairs Dept.

Abstract

This handbook is aimed at anyone who is involved in a Public Investment Management Assessment (PIMA) or who has a practical interest in public investment management. It is intended to be useful for country authorities, IMF staff, staff of other financial institutions and development organizations, and anyone who is interested in exploring different aspects of public investment management to understand how country systems are designed and how they work in practice.

Keywords:
IMF Public Investment Management Assessment; public investment; PIMA; PIM; public investment management; handbook; investment; government; governance; country; spending; infrastructure governance; investment efficiency; investment shock; investment spending; public investment spending; public investment and public-private partnerships (PPP); infrastructure; budget planning; planification; allocation; execution; fiscal rules; global; Asia and Pacific; Africa; Caribbean; Sub-Saharan Africa; Western Hemisphere; Middle East; investment trend; infrastructure investment spending; Pima report; investment planning; PPP investment; Budget planning and preparation; Capital spending; Capital budget
Cover IMF Working Papers
The Design of Fiscal Reform Packages: Insights from a Theoretical Endogenous Growth Model
Andrew Hodge
This paper studies the impact on growth, welfare, and government debt of fiscal reform packages in a theoretical model drawing together three key features of the endogenous growth literature: (i) investment in technology (in the form of human capital) offsets diminishing marginal productivity of private capital, allowing for perpetual growth in output per capita; (ii) changes in investment behavior because of cuts to distortionary tax rates impact long-run growth; and (iii) public capital has a role influencing total factor productivity and growth. A quantitative simulation using reasonable parameter values suggests that modest capital and/or labor income tax cuts and public investment increases have significant positive effects on consumer welfare but small effects on per capita income growth, where fiscal costs are offset by reductions in unproductive government spending. Capital income tax cuts and public investment increases continue to boost welfare when offset by consumption tax rises (rather than spending cuts), although the welfare benefits of modest labor income tax cuts are outweighed by the costs of a compensating consumption tax increase.
Keywords:
WP; physical capital; Fiscal policy; Endogenous growth; physical capital goods; private physical capital; reform BGP; public capital; constant returns to scale; capital share; consumer welfare; Human capital; Capital income tax; Public investment spending; Personal income tax
Cover IMF Staff Country Reports
Jordan: First Review Under the Stand-By Arrangement, Request for Waivers of Nonobservance of Performance Criteria, Modification of Performance Criteria, and Rephasing of Access—Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Jordan
International Monetary Fund. Middle East and Central Asia Dept.
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 are important. The program addresses economic imbalances and safeguards social stability. Executive Directors are satisfied with the action taken to rebuild reserves through an increase in interest rates and by attracting donor funds, as well as domestic dollar-denominated financing. The government is committed to working on steps to boost revenue.
Keywords:
ISCR; CR; electricity company; executive board's discussion; government; strategy; support; central government deficit; energy import price; core inflation; Energy subsidies; Tariffs; Capital spending; Arrears; Global; Europe; Middle East; North Africa; East Africa
Cover IMF Staff Country Reports
Jordan: Selected Issues
International Monetary Fund
This Selected Issues Paper focuses on economic condition, energy subsidies, and oil prices in Jordan. Energy price subsidies pose a serious fiscal risk in the present context of increasing and volatile international prices. The macroeconomic situation in Jordan is closely tied to that of other countries in the Middle East. From a policy perspective, macroeconomic and structural policies in Jordan should be conducted in such a way that the vulnerability of the country to sudden stops or reversals of external income flows is reduced.
Keywords:
ISCR; CR; Jordan; policy stance; investment; energy price subsidy; oil price booms; IMF staff estimate; physical capital accumulation; Jordan's ranking; Public investment spending; Capital accumulation; Energy subsidies; Reserve positions; Energy pricing; Global; Sub-Saharan Africa; Central Asia; Middle East and Central Asia; Middle East