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Jordan - Recovery under Global Uncertainty Development Policy Loan (DPL) Program (English)

The Recovery under Global Uncertainty Development Policy Loan (DPL) Program supports the Government's efforts to address economic and social consequences of the current global financial crisis and economic slowdown while improving resilience of the Jordanian economy to adverse shocks. Specifically, it supports policy measures which: (i) reduce fiscal vulnerability by broadening the tax base and enhancing effectiveness of government expenditures; (ii) strengthen the financial sector by further enhancing regulation and supervision and improving access to finance; (iii) improve the business climate to encourage more private sector investment; and (iv) facilitate access of vulnerable groups to a more effective and fiscally sustainable social protection system. The Government has requested the Bank to prepare the DPL as part of its rapid response actions aimed at supporting the real sector of the economy, including by diversifying its financing instruments (which over the recent years relied mostly on domestic market), while consolidating the long standing cooperation with the World Bank in advancing the key structural reforms that has been at the core of implementation of the Country Assistance Strategy (CAS).

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Details

  • Document Date

    2009/10/19

  • Document Type

    Program Document

  • Report Number

    49971

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    Jordan,

  • Region

    Middle East and North Africa,

  • Disclosure Date

    2009/11/20

  • Disclosure Status

    Disclosed

  • Doc Name

    Jordan - Recovery under Global Uncertainty Development Policy Loan (DPL) Program

  • Keywords

    trade in goods;economic slowdown;improving access to finance;real effective exchange rate;current account deficit;Fiscal and Debt Sustainability;real exchange rate depreciation;public financial management system;small and medium enterprise;external current account deficit;jordanian dinar;global financial crisis;oil price;international oil price;higher value added;national poverty line;current account balance;global economic slowdown;regulation and supervision;social protection system;public debt;income tax revenue;fiscal consolidation effort;foreign trade sector;long term growth;increase in expenditure;decline in poverty;global economic crisis;business environment;fiscal adjustment;global financial market;risk management system;Capital Adequacy Ratio;public debt law;domestic money market;foreign direct investment;international interest rate;source income;source of income;private capital flow;Foreign Exchange Reserve;private sector credit;export of goods;tight monetary policy;public sector reform;errors and omission;mandatory reserve requirements;exchange rate peg;expansionary fiscal policy;public debt dynamics;global policy;domestic private investment;interest rate differential;public credit registry;electronic payment system;liberalization of prices;debt buyback operation;oil price subsidy;access to bank;social protection reform;global knowledge economy;poverty-line level;creating employment opportunity;labor force growth;aggregate expenditure ceiling;current account imbalance;risk management process;minimum capital requirement;rate of growth;international commodity price;Financial Sector;Real estate;food price;price shock;interest expenditure;banking system;unemployment rate;domestic revenue;real gdp;primary deficit;foreign grants;public consumption;Fiscal policies;increase productivity;tax base;financial turmoil;adverse shock;global recession;inflationary pressure;Capital Inflows;fiscal vulnerability;fiscally sustainable;vulnerable group;government expenditure;Business Climate;budget performance;oil subsidy;Tax Exemption;fiscal deficit;subsidy scheme;Fiscal Sustainability;political infrastructure;budget deficit;fiscal position;fiscal balance;expenditure pressures;projection period;economic recovery;oil wealth;fertility rate;domestic debt;food subsidies;civil society;macroeconomic performance;macroeconomic development;social consequence;budgetary subsidies;budgetary subsidy;financing requirement;capital expenditure;foreign inflow;excess liquidity;money supply;Fiscal Reform;capital account;foreign debt;positive impact;upward pressure;preferential rate;regional demand;bank deposit;public expenditure;real sector;standard deviation;remittance;financing option;real growth;Natural Resources;development vision;public deficit;environmental aspect;deficit target;international demand;annex annex;exogenous factor;living standard;trade deficit;net effect;sales tax;registration fee;foreign currency;financial indicator;loan preparation;pension reform;provisioning rules;tax rate;reform education;regional growth;tax law;high employment;base case;Cash Transfer;capital budget;government service;income transfer;net spending;total debt;primary balance;budget law;Public Spending;macroeconomic variable;private company;portfolio investment;metal industry;external balance;total employment;port land;administrative support;land sale;Finance Data;Regional Security;financial service;voluntary unemployment;political development;lending volume;gdp deflator;industrial base;export activity;regional ties;real expenditure;public perception;tax legislation;hiring practice;skill need;privatization proceeds;regulatory distortion;Exchange Rates;Economic Policy;fiscal discipline;government fund;Vocational Training;comprehensive education;international market;external borrowing;high financing;Job Creation;Social Welfare;human capital;public financing;debt finance;domestic sources;external inflows;domestic borrowing;quantitative indicators;participatory policy

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Citation

Jordan - Recovery under Global Uncertainty Development Policy Loan (DPL) Program (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/353811468277172670/Jordan-Recovery-under-Global-Uncertainty-Development-Policy-Loan-DPL-Program