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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

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  • International Monetary Fund

Abstract

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.

Suggested Citation

  • International Monetary Fund, 2021. "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 Repo," IMF Staff Country Reports 2021/011, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2021/011
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    Keywords

    ISCR; CR; staff appraisal; draft budget law; level staff; reform agenda; SSC's labor support scheme;
    All these keywords.

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