Fiscal Year 2027
Capacity Development Activities
Financial Supervision and Regulation
Developing Risk Management Regulation (July 26-30)
The mission reviewed and enhanced a first draft regulation prepared by the Central Bank of Jordan, which sets out supervisory expectations for banks’ management of key risk areas. This work aims to help address one of the recommendations of the Financial System Stability Assessment (FSAP, April 2023), which noted that regulatory requirements and supervisory expectations for risk management in Jordan are dispersed across several regulations and the Banking Law, and that enforceable regulations for several specific risks are needed.
Public Debt Management
Follow-Up TA on Local Currency Bond Market Development (June 2-17)
METAC supported the Central Bank of Jordan (CBJ) in completing the regulatory framework for both primary and secondary markets. This includes preparing full bond documentation, including Term Sheets that are aligned with international standards, detailed rules and operating instructions for auctions as well as drafting the regulations and procedures for secondary market transactions. Documentations have been drafted in both Arabic and English. This action serves as a preliminary step toward developing both the primary and secondary markets for government securities.
Public Financial Management
MTDS Formulation and Implementation (July 20-30)
This mission trained officials from ed the Ministry of finance and Central Bank of Jordan on the joint IMF-WB Medium Term Debt Management Analytical Tool and review the contents of the authorities’ Annual Borrowing Plan. The main objective is to contribute to strengthen capacity to assess, monitor, forecast, and manage public debt portfolio risks; and build capacity in using the updated MTDS AT and exploring feasible alternative financing options and cost-risk tradeoffs to support the authorities’ effort in developing the next DMS.
Revenue Administration
Preparing for Jordan’s TADAT Assessment (July 26-30)
The mission delivered a five-day training program on the Tax Administration Diagnostic Assessment Tool (TADAT) for 23 senior managers and staff of Jordan’s Income and Sales Tax Department (ISTD). Using Arabic-language materials provided by the TADAT Secretariat, the training covered all nine TADAT Performance Outcome Areas (POAs) through interactive sessions and practical assessment exercises. The training strengthened participants’ understanding of the TADAT methodology, assessment process, and scoring approach, helping prepare the authorities for the upcoming TADAT assessment mission scheduled for 18 October to 1 November 2026.
