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Jordan: 2009 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Jordan
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2009: Issue 159
Language:
English
Publication Date:
21 May 2009
DOI:
https://doi.org/10.5089/9781451820409.002
ISBN:
9781451820409
ISSN:
1934-7685
Pages:
55
Keywords:
ISCR; CR; deficit; GDP; net; headline inflation; Jordanian dinar; money market; bank performance; weakening economy; exchange rate; insurance market; balance of payments; Government finance statistics; Commercial banks; Global
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This 2009 Article IV Consultation highlights that Jordan’s money and financial markets have weakened since mid-2008. Bank deposits edged down slightly in October but subsequently recovered, with the share of dinar deposits continuing to increase. Executive Directors have noted that sound macroeconomic management has enhanced Jordan’s resilience to the global crisis. Directors have also emphasized that, in light of the economy’s close ties with the region and reliance on external financing, near-term policies should remain focused on guarding against vulnerabilities.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund