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Middle East and Central Asia > Jordan

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Cover IEO Annual Report 2010
IEO Annual Report 2010
International Monetary Fund. Independent Evaluation Office

Abstract

The Independent Evaluation Office’s (IEO) Annual Report 2010 highlights that in FY2010, the IEO expended approximately 95 percent of its budgetary resources. The corresponding underspending (about 5 percent of the budget) resulted from several vacancies for significant periods throughout the year. Staffing developments over the course of FY2010 highlighted the costs of high staff turnover for the IEO’s work. In July 2009, the IEO undertook an assessment of recent staffing experience, the main challenges encountered in recruiting and retaining employees, and the aspects of the IEO’s employment policies that contribute to these difficulties.

Keywords:
IEOR; IEO; evaluation; IMF performance; InWEnt seminar; fungible budget; discretionary budget; staff allocation; Trade policy; Budget planning and preparation; Trade agreements; Financial Sector Assessment Program; Global; Africa; Europe; Asia and Pacific; Caribbean; Sub-Saharan Africa; IEO work program; IEO evaluation; IEO employee; IEO recommendation; IMF staff economist
Cover IMF Working Papers
Impact of European Union Assocation Agreements on Mediterranean Countries
Mr. Henri C. Ghesquière
By establishing free trade for industrial products in 12 years, the European Union’s Association Agreements with countries in the Mediterranean region seek to promote accelerated economic growth. This paper reviews the literature and evaluates the economic benefits and costs for Tunisia, Morocco, Lebanon, Egypt, and Jordan. It concludes that the benefits could be substantial, but only if accompanied by deep supplementary reforms, including extending trade liberalization to services and agriculture and on a multilateral basis, improving the environment for foreign direct investment, ensuring an adequate fiscal and exchange rate policy response, and strengthening European Union assistance.
Keywords:
WP; SEM country; trade diversion; free trade; trade creation; EU agreement; SEM government; European Union; Trade liberalization; Mediterranean countries; EU company; EU exporter; economic reform; Eastern Mediterranean country; EU imports; EU consumer; Exports; Tariffs; Imports; Trade agreements; Europe; Eastern Europe