Abstract
This paper focuses on the Fifth Post-Program Monitoring Discussions with Jordan. Jordan’s economic performance remains strong. Growth is robust, core inflation is contained, the current account deficit is narrowing, reserves are comfortable, and the fiscal situation continues to improve. The Fifth Post-Program Monitoring Discussions focused on a large current account deficit, still high public debt, and rapid credit growth. The authorities consider the outlook for the Jordanian economy as strong, including on growth, inflation, and the current account.
On June 25, 2007 the Executive Board of the International Monetary Fund (IMF) concluded the Fifth Post-Program Monitoring Discussions with Jordan on a lapse-of-time basis.
Jordan graduated from a series of Fund-supported programs in 2004 and has since been engaged in post-program monitoring, which expires at the end of 2007. The Fifth Post-Program Monitoring Discussions with the Jordanian authorities were held in April 2007 (Jordan: Fifth Post-Program Monitoring Discussions—Staff Report).