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Jordan: Second Review Under the Stand-By Arrangement, Request for Waivers of Nonobservance of Performance Criteria, and Modification of Performance Criteria

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  • International Monetary Fund

Abstract

This paper discusses Jordan’s Second Review Under the Stand-by Arrangement, Request for Waivers of Nonobservance of Performance Criteria (PCs), and Modification of PCs. Program performance is broadly on track. The central bank rebuilt reserves, which are now at a comfortable level and well above what was programmed. The national electricity company’s losses were in line with the program through June, but the end-September PC is estimated to have been missed because a temporary interruption in gas flows required more expensive fuel imports. The IMF staff strongly supports the authorities’ plans to seek higher grants.

Suggested Citation

  • International Monetary Fund, 2013. "Jordan: Second Review Under the Stand-By Arrangement, Request for Waivers of Nonobservance of Performance Criteria, and Modification of Performance Criteria," IMF Staff Country Reports 2013/368, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2013/368
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    Cited by:

    1. Zaman, Rafia & Brudermann, Thomas, 2018. "Energy governance in the context of energy service security: A qualitative assessment of the electricity system in Bangladesh," Applied Energy, Elsevier, vol. 223(C), pages 443-456.
    2. Sanjay Kathuria & Mariem Mezghenni Malouche, 2016. "Strengthening Competitiveness In Bangladesh—Thematic Assessment," World Bank Publications - Books, The World Bank Group, number 24705, December.
    3. Athanasios O. Tagkalakis, 2013. "The output effects of systematic and non-systematic fiscal policy changes in Greece," Economics Bulletin, AccessEcon, vol. 33(3), pages 1816-1831.
    4. Leandro Medina, 2018. "Assessing Fiscal Risks in Bangladesh," Asian Development Review, MIT Press, vol. 35(1), pages 196-222, March.
    5. Bénédicte Coestier, 2015. "Jordan and the Middle-Income Growth Trap: Arab Springs and Institutional Changes," EconomiX Working Papers 2015-8, University of Paris Nanterre, EconomiX.
    6. Sanjay Kathuria & Mariem Mezghenni Malouche, 2016. "Toward New Sources of Competitiveness in Bangladesh," World Bank Publications - Books, The World Bank Group, number 22712, December.
    7. Nicoletta Pashourtidou & Christos S. Savva & Nicolas Syrichas, 2014. "The Effects of Fiscal Consolidation on Macroeconomic Indicators in Cyprus," Cyprus Economic Policy Review, University of Cyprus, Economics Research Centre, vol. 8(1), pages 93-119, June.

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