Cover IMF Staff Country Reports
Jordan: First Review Under the Extended Fund Facility Arrangement and Request for a Waiver of Nonobservance and Modifications of Performance Criteria, and Rephasing of Access-Press Release; Staff Report; and Statement by the Executive Director for Jordan
Author:
International Monetary Fund. Middle East and Central Asia Dept.
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2021: Issue 011
Language:
English
Publication Date:
12 Jan 2021
DOI:
https://doi.org/10.5089/9781513566443.002
ISBN:
9781513566467
ISSN:
1934-7685
Pages:
101
Keywords:
ISCR; CR; staff appraisal; draft budget law; level staff; reform agenda; SSC's labor support scheme; COVID-19; Arrears; Fiscal stance; Global
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Timely containment, a large monetary stimulus, and targeted fiscal measures helped save lives and livelihoods during the first COVID-19 wave, but a significant second wave is still unfolding. The economic and human impact has been sizeable: real GDP is expected to decline by 3 percent in 2020; unemployment has surged to record levels; tourism and remittances have declined; and revenues of the central government and of other public sector entities have dropped, raising public debt to 90 percent of GDP. A new government and parliament have been ushered in, with welcome continuity in reform commitment.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund
Volume 2021: Issue 011