AFTER 15 YEARS of IMF-directed reforms, Jordan’s economy looks ready to stand on its own two feet. With the completion of its latest stand-by arrangement in July 2004, the country has now officially graduated from a series of Fund-supported programmes. The IMF’s role will be scaled back to one of macroeconomic policy monitoring and the provision of technical assistance.
Jordan was forced to turn to the IMF after a severe financial crisis back in 1988, caused by military overspending as the country attempted to modernize its army.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
