Jordan

Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1451990685
Size: 53.12 MB
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The Selected Issues paper on Jordan analyzes the Jordanian dinar, which has historically operated within a fixed exchange rate regime. The deterioration in 2004 and 2005 reflected an exceptionally rapid increase in imports, as the saving-investment balance shifted. Following an improvement in 2006, the current account again deteriorated in 2007 from a negative impact of international food and fuel prices. Import developments have been the single most important determinant of swings in the current account, followed to a lesser extent by the impact of exports and grants.

Jordan Selected Issues And Statistical Appendix

Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN:
Size: 46.97 MB
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This Selected Issues paper and Statistical Appendix on Jordan underlies stabilization and structural transformation of the economy. Current fiscal policy appears to be broadly sustainable and should be sufficient to allow for the continued fall in the debt burden, absent large external macroeconomic shocks. Over the past decade, Jordan has made commendable progress in replacing an informal family-based social safety system with well-defined and well-targeted social protection institutions. The government will need to remain committed to periodic increases of fuel prices to close the gap between domestic and international petroleum product prices.

Jordan Selected Issues

Author: International Monetary Fund. Middle East and Central Asia Dept.
Publisher: International Monetary Fund
ISBN: 1498311520
Size: 42.54 MB
Format: PDF, ePub
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This Selected Issues paper investigates the macroeconomic impact of the Syria crisis on Jordan. It is indicated that the crisis: (1) had an overall negative impact on measured output growth—although anecdotal evidence suggests possibly a positive impact on output in the informal sector; (2) contributed to inflationary pressures, particularly on rents; and (3) strained labor markets, mostly in the informal sector as refugees compete with locals for jobs. Although the crisis has put a strain on the external trade balance, the overall impact on the current account is not clear.

Sudan Selected Issues

Author: International Monetary Fund. Middle East and Central Asia Dept.
Publisher: International Monetary Fund
ISBN: 1484365593
Size: 26.24 MB
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This Selected Issues paper examines the monetary policy framework in Sudan, and assesses the effectiveness of monetary transmission mechanism since the secession of South Sudan. The econometric analysis concludes that reserve money, the exchange rate, and private sector credit are the main determinants of inflation after the secession of South Sudan and that the transmission lags have been shortened significantly compared with previous studies. These findings reinforce the need for a comprehensive package of fiscal and monetary measures that strengthens the monetary policy framework and improves its effectiveness.

Jordan Fifth Review Under The Stand By Arrangement Request For Waivers Of Nonobservance Of Performance Criterion And Applicability Of Performance Criterion Modification Of Performance Criterion And Rephasing Of Access Staff Report Press Release And Statement By The Executive Director For Jordan

Author: International Monetary Fund. Middle East and Central Asia Dept.
Publisher: International Monetary Fund
ISBN: 1498385532
Size: 47.82 MB
Format: PDF
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This paper discusses Jordan’s Fifth Review Under the Stand-by Arrangement, Request for Waivers of Nonobservance of Performance Criterion (PC) and Applicability of PC, Modification of PC, and Rephasing of Access. Program performance in 2014 is broadly on track. The end-September PC on the central government primary deficit is estimated to have been met, but the PC on the combined public sector deficit is likely to have been missed owing to a shortfall in gas flows from Egypt. International reserves continued to over-perform through September. The IMF staff supports the completion of the fifth review and the related purchase.

Former Yugoslav Republic Of Macedonia Selected Issues For The 2009 Article Iv Consultation

Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1451826176
Size: 11.53 MB
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This Selected Issues paper assesses the desired level of foreign exchange reserves in the Former Yugoslav Republic of Macedonia, given its commitment to maintain the exchange rate peg. A variety of methods including popular rules of thumb, comparisons with other emerging countries, and model-based estimates suggest a target range of €1.5-2 billion for reserves. The paper also looks at reserve levels that would be implied by popular rules of thumb and at benchmarks suggested by other emerging market countries.

Israel

Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1455294233
Size: 63.92 MB
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The study shows that the Israeli economy has emerged unscathed from the global financial crisis. The first part of the study outlines the relationship between risk and Israel’s macroeconomic performance, estimated through a regression analysis. The second part of the study focuses on macrofinancial policies to cope with macrofinancial risk, with special emphasis on monetary and fiscal intervention. The study shows that stress testing and CCA analysis play a role in supervisory work; they complement and can inform each other in critical areas.