Jordan : Request for an Extended Arrangement Under the Extended Fund Facility-Press Release; Staff Report; and Statement by the Executive Director for Jordan

Jordan has maintained macroeconomic stability and undertook significant policy adjustment against a difficult external environment, rising socio-economic tensions, high vulnerabilities, and the hosting of a large number of Syrian refugees. The economy still faces considerable challenges. Economic growth remains below potential, unemployment is high, particularly for youth and women, the refugee crisis is weighing on the economy and public finances, gross public debt has risen to about 93 percent of GDP, the current account deficit is high, and the regional outlook remains challenging.