Fund Relations

(As of April 30, 2017)

Membership Status: Joined August 29, 1952; Article VIII

General Resources Account:

	SDR Million	Percent Quota
Quota	343.10	100.00
Fund holdings	1417.21	413.06
Reserve position in Fund	0.38	0.11

View Table

	SDR Million	Percent Quota
Quota	343.10	100.00
Fund holdings	1417.21	413.06
Reserve position in Fund	0.38	0.11

SDR Department:

	SDR Million	Percent Allocation
Net cumulative allocation	162.07	100.00
Holdings	63.44	39.14

View Table

	SDR Million	Percent Allocation
Net cumulative allocation	162.07	100.00
Holdings	63.44	39.14

Outstanding Purchases:

	SDR Million	Percent Quota
Extended Fund Facility	51.47	15.00
Stand-By Arrangements	1023.00	298.16

View Table

	SDR Million	Percent Quota
Extended Fund Facility	51.47	15.00
Stand-By Arrangements	1023.00	298.16

Latest Financial Arrangements:

Type	Approval Date	Expiration Date	Amount Approved (SDR Million)	Amount Drawn (SDR Million)
EFF	8/24/16	8/23/19	514.65	51.47
SBA	8/03/12	8/04/15	1,364.00	1,364.00
SBA	7/03/02	7/02/04	85.28	10.66
EFF	4/15/99	5/31/02	127.88	127.88

View Table

Type	Approval Date	Expiration Date	Amount Approved (SDR Million)	Amount Drawn (SDR Million)
EFF	8/24/16	8/23/19	514.65	51.47
SBA	8/03/12	8/04/15	1,364.00	1,364.00
SBA	7/03/02	7/02/04	85.28	10.66
EFF	4/15/99	5/31/02	127.88	127.88

Projected Obligations to Fund ¹

(SDR million; based on existing use of resources and present holdings of SDRs)

	Forthcoming
	2017	2018	2019	2020	2021
Principal	234.44	348.10	298.38	142.08	8.58
Charges/interest	19.27	13.38	5.90	2.22	1.17
Total	253.71	361.48	304.28	144.30	9.75

View Table

	Forthcoming
	2017	2018	2019	2020	2021
Principal	234.44	348.10	298.38	142.08	8.58
Charges/interest	19.27	13.38	5.90	2.22	1.17
Total	253.71	361.48	304.28	144.30	9.75

Safeguards Assessment: Under the Fund’s safeguards assessment policy, the CBJ was subject to an assessment with respect to the Extended Arrangement under Extended Fund Facility (EFF), which was approved on August 24, 2016. The assessment, completed in November 2016, found that the central bank continues to strengthen its safeguards framework. The assessment made a number of recommendations, which the authorities are implementing.

Exchange System: The Jordanian dinar is fully convertible and is officially pegged to the SDR. In practice, the dinar has been pegged to the U.S. dollar since October 1995 at JD 1 = $1.41044. Jordan accepted the obligations of Article VIII, Sections 2, 3, and 4 in 1995 and maintains an exchange system free of restrictions on payments and transfers for current international transactions.

Last Article IV Consultation: The 2014 Article IV consultation was concluded by the Executive Board on April 28, 2014. The Staff Report and Executive Board Assessment can be found in IMF Country Report 14/152 at: https://www.imf.org/external/pubs/cat/longres.aspx?sk=41615.0

Financial Sector Assessment Program: Jordan participated in a Financial System Stability Assessment in 2003, and the related report was presented to the Executive Board at the time of the 2003 Article IV consultation (SM/04/1). A Financial System Stability Assessment Update was conducted in 2008, and the report presented to the Executive Board at the time of the 2008 Article IV consultation (SM/09/104).

Technical Assistance (TA): Extensive technical assistance has been provided to Jordan over recent years (see attached table).

Documents:

Standards or Codes Assessed	Date of Issuance
Data module	10/8/2002
Update to data module	1/30/2004
Fiscal transparency module	1/9/2006
FSSA	1/7/2004

View Table

Standards or Codes Assessed	Date of Issuance
Data module	10/8/2002
Update to data module	1/30/2004
Fiscal transparency module	1/9/2006
FSSA	1/7/2004

Jordan: Technical Assistance, 2011–17

Jordan: Technical Assistance, 2011–17

Date		Purpose
Fiscal
	January 2011	Public financial management (including World Bank & METAC) expert is joining, WB, and MCD)
	March 2011	Public-Private Partnership
	April 2011	PPPs and fiscal risks
	May 2011	Follow-up on capital expenditures
	June 2011	Review, strengthen structural arrangements of HQ functions
	October 2011	Assessment visit
	October 2011	Strengthen compliance management of financial sector
	October 2011	Subsidy reform
	January 2012	Regional workshop on compliance management
	February 2012	Public financial management
	August 2012	Tax administration
	January 2013	Public financial management
	April 2013	Strengthen risk-based audit
	May 2013	Tax administration reform agenda
	May 2013	Public financial management
	July 2013	A review of the new income tax and other issues in revenue
	August 2013	Advancing the tax administration reform agenda
	September 2013	Commitment control system
	November 2013	Follow-up on arrears
	February 2014	VAT compliance and refund management
	December 2014	Budget Preparation and Execution
	December 2015	Tax Administration Diagnostic Assessment Tool
	Jan./February 2016	Public financial management: Trust Accounts
	August 2016	Broaden indirect tax base and simplify customs tariff
	December 2016	Public financial management: Trust Accounts
	March 2017	Public financial management: Trust Accounts Follow-Up Visit
	April/May 2017	Public financial management: Public Investment Management
Monetary and Financial
	January 2011	Risk management
	January 2011	Regulation and supervision
	January 2011	Markets instruments and infrastructure
	January 2011	Setting up a risk management unit within the Central Bank
	January 2011	Islamic banking: develop guidelines, assessments, tools
	June 2011	Regional Workshop on debt strategy
	June 2011	Developing debt management strategies
	July 2011	Debt management capacity building
	July 2011	Building, analyzing and evaluating debt strategies/debt management
	July 2011	Assessment mission
	December 2011	Early warning systems
	December 2011	Licensing credit bureaus
	Jan. & Apr. 2012	Manual for licensing credit bureaus
	February 2012	Development of Money and Capital Markets
	September 2012	Risk analysis
	October 2012	Guidelines for establishing credit bureaus
	January 2013	Implementation of Basel III and enhancing supervisory practices
	June 2014	Risk Management
	August 2014	Developing and Implementing Early Warning System for the Banking
	April 2015	Basel III Liquidity
	October 2015	Insurance Supervision
	March 2016	Stress Testing
	May 2016	Insurance Regulation and Supervision
	August 2016	Stress Testing
Statistical
	January 2011	Improving BOP and IIP compilation practices
	February 2011	Improving BOP and IIP compilation practices
	Sept./October 2011	STE preparation of input/output tables
	May 2012	National accounts
	September 2012	External debt and balance of payments statistics
	January 2013	Price statistics
	May 2013	National accounts
	November 2013	National accounts
	April 2014	External Debt Statistics
	December 2014	National Accounts
	April 2015	Balance of Payments Statistics
	January 2016	National Accounts
	July 2016	National Accounts Statistics
	Oct./November 2016	National Accounts Statistics
Legal
	February 2015	AML/CFT Scoping Mission
	February 2015–July 2017	Legislation, AML/CFT Supervision, and FIU
Other
	December 2011	LTE training on the external debt statistics
	February 2012	Central Bank of Jordan–IMF research workshop (MCD)

View Table

Jordan: Technical Assistance, 2011–17

Date		Purpose
Fiscal
	January 2011	Public financial management (including World Bank & METAC) expert is joining, WB, and MCD)
	March 2011	Public-Private Partnership
	April 2011	PPPs and fiscal risks
	May 2011	Follow-up on capital expenditures
	June 2011	Review, strengthen structural arrangements of HQ functions
	October 2011	Assessment visit
	October 2011	Strengthen compliance management of financial sector
	October 2011	Subsidy reform
	January 2012	Regional workshop on compliance management
	February 2012	Public financial management
	August 2012	Tax administration
	January 2013	Public financial management
	April 2013	Strengthen risk-based audit
	May 2013	Tax administration reform agenda
	May 2013	Public financial management
	July 2013	A review of the new income tax and other issues in revenue
	August 2013	Advancing the tax administration reform agenda
	September 2013	Commitment control system
	November 2013	Follow-up on arrears
	February 2014	VAT compliance and refund management
	December 2014	Budget Preparation and Execution
	December 2015	Tax Administration Diagnostic Assessment Tool
	Jan./February 2016	Public financial management: Trust Accounts
	August 2016	Broaden indirect tax base and simplify customs tariff
	December 2016	Public financial management: Trust Accounts
	March 2017	Public financial management: Trust Accounts Follow-Up Visit
	April/May 2017	Public financial management: Public Investment Management
Monetary and Financial
	January 2011	Risk management
	January 2011	Regulation and supervision
	January 2011	Markets instruments and infrastructure
	January 2011	Setting up a risk management unit within the Central Bank
	January 2011	Islamic banking: develop guidelines, assessments, tools
	June 2011	Regional Workshop on debt strategy
	June 2011	Developing debt management strategies
	July 2011	Debt management capacity building
	July 2011	Building, analyzing and evaluating debt strategies/debt management
	July 2011	Assessment mission
	December 2011	Early warning systems
	December 2011	Licensing credit bureaus
	Jan. & Apr. 2012	Manual for licensing credit bureaus
	February 2012	Development of Money and Capital Markets
	September 2012	Risk analysis
	October 2012	Guidelines for establishing credit bureaus
	January 2013	Implementation of Basel III and enhancing supervisory practices
	June 2014	Risk Management
	August 2014	Developing and Implementing Early Warning System for the Banking
	April 2015	Basel III Liquidity
	October 2015	Insurance Supervision
	March 2016	Stress Testing
	May 2016	Insurance Regulation and Supervision
	August 2016	Stress Testing
Statistical
	January 2011	Improving BOP and IIP compilation practices
	February 2011	Improving BOP and IIP compilation practices
	Sept./October 2011	STE preparation of input/output tables
	May 2012	National accounts
	September 2012	External debt and balance of payments statistics
	January 2013	Price statistics
	May 2013	National accounts
	November 2013	National accounts
	April 2014	External Debt Statistics
	December 2014	National Accounts
	April 2015	Balance of Payments Statistics
	January 2016	National Accounts
	July 2016	National Accounts Statistics
	Oct./November 2016	National Accounts Statistics
Legal
	February 2015	AML/CFT Scoping Mission
	February 2015–July 2017	Legislation, AML/CFT Supervision, and FIU
Other
	December 2011	LTE training on the external debt statistics
	February 2012	Central Bank of Jordan–IMF research workshop (MCD)

World Bank Group Strategy and Operations

1. On July 14, 2016, the World Bank Board of Directors approved a new WBG Country Partnership Framework (CPF) for Jordan for FY2017–22 [link]. The new CPF builds on the Systematic Country Diagnostic which was circulated to the Board in February 2016.

2. The overarching objective of the CPF is to help Jordan renew its social contract and promote economic and social inclusion. The CPF promotes an ambitious agenda for growth, jobs and inclusion while helping Jordan to address the impact of the Syrian crisis, including through innovative financing tools. The WBG is deploying concessional resources to support Jordan’s Syrian crisis response through an exceptional $100million International Development Association (IDA) allocation and the recent establishment of the Concessional Financing Facility.

3. As of April 2017, the World Bank’s active portfolio in Jordan included 11 projects valued at US$759 million in loans and grants. These projects cover a number of key sectors, including municipal services, education, energy, water, environment, public sector governance, public administration, social protection and labor, access to finance, and the business environment.

4. Over the past few years, the World Bank has supported Jordan’s capacity and performance in governance, fiscal management, public sector efficiency and private sector-led growth, through two reform driven, budget supporting “Development Policy Loans” (US$250 million each). The Bank has also recently supported the fiscal sustainability and efficiency of the energy and water sectors through a new multi-year “Programmatic Development Policy Loan” (first $250 million operation presented to the Board in July 2015; follow on operation to be presented to the Board in December 2016).

5. The Bank has also provided support to bolster Jordan’s resilience to the Syrian crisis. The large influx of refugees from Syria has strained the government’s capacity to deliver basic services and led to an increase in social tension, as well as in competition for jobs. An emergency loan of US$150 million, approved in July 2013, helped affected households maintain access to healthcare services and basic household goods. A complementary Emergency Services and Social Resilience Grant of US$65.9 million, approved in October 2013, leveraged grants from the United Kingdom, Canada, Denmark, Sweden and Switzerland. This project is helping municipalities strengthen their service delivery capacity, supporting local economic development, and fostering social cohesion in host communities. In September 2016, a $300 million Program-for-Results project was approved to promote Economic Opportunities for Jordanians and Syrian Refugees. The project is financed by IBRD (US$149 million), IDA (US$100 million) and a contribution from the Concessional Financing Facility (CFF) (US$51 million). The CFF also contributed to the Second Programmatic Energy and Water Development Policy Loan, approved by the Bank’s Board of Directors in December 2016, combining IBRD financing (US$225 million) and support from the Concessional Financing Facility (US$25 million). A concessional Emergency Health project is currently under preparation.

6. The International Finance Corporation (IFC) has maintained a strong program in Jordan with long-term finance investments totaling at around US$1.804 billion dollars, from 2011 to date. Landmark investments in the renewable energy sector include: (i) Tafila Wind - US$221 million debt package to finance the country’s first privately owned renewable energy facility; (ii) “Seven Solar Sister” - US$208 million financing package to support the largest private sector-led solar PV initiative in the MENA region. Other recent investments include a repeat investment of around US$94 million in Queen Alia Airport, US$11 million in Luminus, the leading private vocational and technical training provider in the country, and US$2 million to FINCA Jordan, a leading microfinance organization. IFC investments are largely concentrated in the transport, chemicals, and renewable power sectors. IFC has also provided strong advisory support focusing in the areas of corporate governance, regulatory simplification, energy efficiency, access to finance (credit Bureau & secured lending), Public Private Partnership, and skills development to match the needs of the private sector.

7. The Multilateral Investment Guarantee Agency’s (MIGA) outstanding gross exposure from investments into Jordan stood at US$440 million as of April 2017. MIGA supports: a U.S. investor for the expansion of the AS Samra Wastewater Treatment Plant; the expansion and operation of an existing bromine and bromine derivatives manufacturing plant; and two solar power plants through guarantees for Adenium Solar. MIGA’s support to foreign private investors sends a strong signal that Jordan remains a viable investment destination.

Statistical Issues

(As of May 15, 2017)

I. Assessment of Data Adequacy for Surveillance
General: Data provision is adequate for program monitoring.
National Accounts: While progress has been made over the last few years in improving quarterly estimates of the national accounts from the production approach, Jordan has still to develop quarterly national accounts from the expenditure approach. Also, further efforts are needed to ensure that the compilation of the national accounts is compliant with the System of National Accounts 2008 (2008 SNA). The base year for calculating the GDP at constant prices should be updated (from the current 1994 to 2010).
Price statistics. An urban-only CPI, based on 12 geographic areas covering all Jordan, is compiled and released every month. The weights should be updated more frequently than the current five-year period, using expenditure data from the bi-annual household budget surveys.
Government finance. The authorities have initiated work to develop a financial balance sheet in accordance with the classification and sectorization systems recommended by the GFSM 2001. While the transactions above-the-line are largely aligned with GFSM 2001 recommendations, the consolidated general government data disseminated do not follow the integrated presentation of stocks and flows as mandated under the 2010 Executive Board decision.
Monetary statistics: Timeliness of reporting monetary data for publication in International Financial Statistics is satisfactory. However, the authorities have not yet migrated to the Standardized Report Forms, which were developed based on the IMF’s Monetary and Financial Statistics Manual. Financial sector surveillance: The authorities do not report financial soundness indicators (FSIs) for dissemination by the IMF’s Statistics Department on the FSI website.
Balance of payments: Starting from 2010 data, the CBJ has broadly adopted the methodology of the sixth edition of the Balance of Payments Manual (BPM6) for the compilation of the BOP statistics and the international investment position (IIP), and has disseminated quarterly BOP and IIP data in the BPM6 format. The implementation of surveys in the area of services and foreign direct investments is important for further improving the quality of the BOP statistics. The technical assistance is focusing on improvements in external debt statistics and fostering consistency between macroeconomic datasets.
II. Data Standards and Quality
Jordan subscribes to the Fund’s Special Data Dissemination Standard (SDDS) since January 2010. The country uses an SDDS flexibility option on the periodicity and timeliness of the labor market wages/earnings data.	Data ROSC update was published in February 2004.

View Table

I. Assessment of Data Adequacy for Surveillance
General: Data provision is adequate for program monitoring.
National Accounts: While progress has been made over the last few years in improving quarterly estimates of the national accounts from the production approach, Jordan has still to develop quarterly national accounts from the expenditure approach. Also, further efforts are needed to ensure that the compilation of the national accounts is compliant with the System of National Accounts 2008 (2008 SNA). The base year for calculating the GDP at constant prices should be updated (from the current 1994 to 2010).
Price statistics. An urban-only CPI, based on 12 geographic areas covering all Jordan, is compiled and released every month. The weights should be updated more frequently than the current five-year period, using expenditure data from the bi-annual household budget surveys.
Government finance. The authorities have initiated work to develop a financial balance sheet in accordance with the classification and sectorization systems recommended by the GFSM 2001. While the transactions above-the-line are largely aligned with GFSM 2001 recommendations, the consolidated general government data disseminated do not follow the integrated presentation of stocks and flows as mandated under the 2010 Executive Board decision.
Monetary statistics: Timeliness of reporting monetary data for publication in International Financial Statistics is satisfactory. However, the authorities have not yet migrated to the Standardized Report Forms, which were developed based on the IMF’s Monetary and Financial Statistics Manual. Financial sector surveillance: The authorities do not report financial soundness indicators (FSIs) for dissemination by the IMF’s Statistics Department on the FSI website.
Balance of payments: Starting from 2010 data, the CBJ has broadly adopted the methodology of the sixth edition of the Balance of Payments Manual (BPM6) for the compilation of the BOP statistics and the international investment position (IIP), and has disseminated quarterly BOP and IIP data in the BPM6 format. The implementation of surveys in the area of services and foreign direct investments is important for further improving the quality of the BOP statistics. The technical assistance is focusing on improvements in external debt statistics and fostering consistency between macroeconomic datasets.
II. Data Standards and Quality
Jordan subscribes to the Fund’s Special Data Dissemination Standard (SDDS) since January 2010. The country uses an SDDS flexibility option on the periodicity and timeliness of the labor market wages/earnings data.	Data ROSC update was published in February 2004.

Jordan: Common Indicators Required For Surveillance

(As of May 15, 2017)

^1/Any reserve assets that are pledged or otherwise encumbered should be specified separately. Also, data should comprise short-term liabilities linked to a foreign currency but settled by other means as well as the notional values of financial derivatives to pay and to receive foreign currency, including those linked to a foreign currency but settled by other means.

^2/Both market-based and officially-determined, including discount rates, money market rates, rates on treasury bills, notes and bonds.

^3/Foreign, domestic bank, and domestic nonbank financing.

^4/The general government consists of the central government (budgetary funds, extra budgetary funds, and social security funds) and state and local governments.

^5/Including currency and maturity composition.

^6/Includes external gross financial asset and liability positions vis-à-vis nonresidents.

^7/Daily (D); weekly (W); monthly (M); quarterly (Q); annually (A); irregular (I); not available (NA).

^8/Reflects the assessment provided in the substantive update of the data ROSC published in February 2004 for the dataset corresponding to the variable in each row. The assessment indicates whether international standards concerning (respectively) concepts and definitions, scope, classification/sectorization, and basis for recording are fully observed (O), largely observed (LO), largely not observed (LNO), not observed (NO), or not available (NA).

^9/Same as footnote 8, except referring to international standards concerning (respectively) source data, statistical techniques, assessment and validation of source data, assessment and validation of intermediate data and statistical outputs, and revision studies.

Jordan: Common Indicators Required For Surveillance

(As of May 15, 2017)

						Memo Items:
	Date of Latest Observation	Date Received	Frequency of Data 7/	Frequency of Reporting 7/	Timeliness of Reporting 7/	Data quality—methodological soundness 8/	Data quality—accuracy and reliability 9/
Exchange rates	Apr. 2017	May 2017	D	D	1D
International reserve assets and reserve liabilities of the monetary authorities 1/	Apr. 2017	May 2017	M	M	1W
Reserve/base money	Mar. 2017	May 2017	M	M	1M
Broad money	Mar. 2017	May 2017	M	M	1M
Central bank balance sheet	Mar. 2017	May 2017	M	M	1M
Consolidated balance sheet of the banking system	Mar. 2017	May 2017	M	M	1M	O, O, LO, LO	O, LO, O, O, LO
Interest rates 2/	Mar. 2017	May 2017	W	M	1W
Consumer price index	Apr. 2017	May 2017	M	M	1M	O, LO, O, O	O, LO, O, O, O
Revenue, expenditure, balance and composition of financing 3/—general government 4/	2016	May 2017	A	A	7M	O, LO, LNO, O	O, O, O, O, NA
Revenue, expenditure, balance and composition of financing 3/—central government	Mar. 2017	May 2017	M	M	1M
Stocks of central government and central government-guaranteed debt 5/	Mar. 2017	May 2017	M	M	1M
External current account balance	Q4 2016	Apr. 2017	Q	Q	1Q
Exports and imports of goods and services	Jan. 2017	Apr. 2017	M	M	1M	LNO, LNO, LNO, LO	LNO, LO, LO, LO, LO
GDP/GNP	Q4 2016	Mar. 2017	Q	Q	1Q	O, LO, O, O	O, LO, O, LO, LO
Gross external debt	Q4 2016	Apr. 2017	M	M	1M
International Investment Position 6/	Q4 2016	Mar. 2017	Q	Q	6M

^1/Any reserve assets that are pledged or otherwise encumbered should be specified separately. Also, data should comprise short-term liabilities linked to a foreign currency but settled by other means as well as the notional values of financial derivatives to pay and to receive foreign currency, including those linked to a foreign currency but settled by other means.

^2/Both market-based and officially-determined, including discount rates, money market rates, rates on treasury bills, notes and bonds.

^3/Foreign, domestic bank, and domestic nonbank financing.

^4/The general government consists of the central government (budgetary funds, extra budgetary funds, and social security funds) and state and local governments.

^5/Including currency and maturity composition.

^6/Includes external gross financial asset and liability positions vis-à-vis nonresidents.

^7/Daily (D); weekly (W); monthly (M); quarterly (Q); annually (A); irregular (I); not available (NA).

^8/Reflects the assessment provided in the substantive update of the data ROSC published in February 2004 for the dataset corresponding to the variable in each row. The assessment indicates whether international standards concerning (respectively) concepts and definitions, scope, classification/sectorization, and basis for recording are fully observed (O), largely observed (LO), largely not observed (LNO), not observed (NO), or not available (NA).

^9/Same as footnote 8, except referring to international standards concerning (respectively) source data, statistical techniques, assessment and validation of source data, assessment and validation of intermediate data and statistical outputs, and revision studies.

View Table

Jordan: Common Indicators Required For Surveillance

(As of May 15, 2017)

						Memo Items:
	Date of Latest Observation	Date Received	Frequency of Data 7/	Frequency of Reporting 7/	Timeliness of Reporting 7/	Data quality—methodological soundness 8/	Data quality—accuracy and reliability 9/
Exchange rates	Apr. 2017	May 2017	D	D	1D
International reserve assets and reserve liabilities of the monetary authorities 1/	Apr. 2017	May 2017	M	M	1W
Reserve/base money	Mar. 2017	May 2017	M	M	1M
Broad money	Mar. 2017	May 2017	M	M	1M
Central bank balance sheet	Mar. 2017	May 2017	M	M	1M
Consolidated balance sheet of the banking system	Mar. 2017	May 2017	M	M	1M	O, O, LO, LO	O, LO, O, O, LO
Interest rates 2/	Mar. 2017	May 2017	W	M	1W
Consumer price index	Apr. 2017	May 2017	M	M	1M	O, LO, O, O	O, LO, O, O, O
Revenue, expenditure, balance and composition of financing 3/—general government 4/	2016	May 2017	A	A	7M	O, LO, LNO, O	O, O, O, O, NA
Revenue, expenditure, balance and composition of financing 3/—central government	Mar. 2017	May 2017	M	M	1M
Stocks of central government and central government-guaranteed debt 5/	Mar. 2017	May 2017	M	M	1M
External current account balance	Q4 2016	Apr. 2017	Q	Q	1Q
Exports and imports of goods and services	Jan. 2017	Apr. 2017	M	M	1M	LNO, LNO, LNO, LO	LNO, LO, LO, LO, LO
GDP/GNP	Q4 2016	Mar. 2017	Q	Q	1Q	O, LO, O, O	O, LO, O, LO, LO
Gross external debt	Q4 2016	Apr. 2017	M	M	1M
International Investment Position 6/	Q4 2016	Mar. 2017	Q	Q	6M

^1/Any reserve assets that are pledged or otherwise encumbered should be specified separately. Also, data should comprise short-term liabilities linked to a foreign currency but settled by other means as well as the notional values of financial derivatives to pay and to receive foreign currency, including those linked to a foreign currency but settled by other means.

^2/Both market-based and officially-determined, including discount rates, money market rates, rates on treasury bills, notes and bonds.

^3/Foreign, domestic bank, and domestic nonbank financing.

^4/The general government consists of the central government (budgetary funds, extra budgetary funds, and social security funds) and state and local governments.

^5/Including currency and maturity composition.

^6/Includes external gross financial asset and liability positions vis-à-vis nonresidents.

^7/Daily (D); weekly (W); monthly (M); quarterly (Q); annually (A); irregular (I); not available (NA).

^8/Reflects the assessment provided in the substantive update of the data ROSC published in February 2004 for the dataset corresponding to the variable in each row. The assessment indicates whether international standards concerning (respectively) concepts and definitions, scope, classification/sectorization, and basis for recording are fully observed (O), largely observed (LO), largely not observed (LNO), not observed (NO), or not available (NA).

^9/Same as footnote 8, except referring to international standards concerning (respectively) source data, statistical techniques, assessment and validation of source data, assessment and validation of intermediate data and statistical outputs, and revision studies.