Prepared by Tushar Poddar.
The definition of debt used is total net debt including collateralized Brady Bonds.
See Chapter III for a detailed discussion.
The original baseline envisaged a reduction in public debt of 17.7 percentage points of GDP (from 95.8 percent of GDP to 78.1 percent) over the period 2001–03. Instead there has been an increase of 1.5 percent of GDP over the same period. In nominal terms, total net debt has increased to JD 7.1 billion instead of JD 5.7 billion under the baseline.
Comprising the consolidated operations of the central government, autonomous public agencies, public financial institutions, nonfinancial public enterprises and local governments.
For 2003, the debt-service payments are inflated due to the pre-payment of Par Brady Bonds.
9.7 percent in program versus 10.2 in the baseline.
3.2 percent for the period 2004-07.
Jordan’s external debt of 80.4 percent of GDP at end-2002 compares unfavorably with Lebanon (31.9 percent of GDP), Egypt (31.6 percent of GDP), and Indonesia (35.3 percent of GDP) as of end-2002.