METAC’s resources are available to (i) identify and design measures to strengthen specific aspects of economic and financial management; (ii) prepare detailed implementation plans based on the diagnostic work conducted by IMF-Headquarters; (iii) provide policy and technical advice either by the Center’s resident advisers or by experts from the IMF roster; (iv) organize hands-on training, seminars, workshops to allow for peer-to-peer learning and disseminate good practices; (v) review proposals by governments for consistency with internationally agreed standards, and (vi) coordinate activities with other technical assistance providers.
The conflicts in Iraq and Syria, the large inflow of refugees, along with large shortfalls in the supply of gas from Egypt at below-market-prices, constituted major shocks to the Jordanian economy. Nevertheless, the authorities undertook several reforms under the IMF’s Stand-By arrangement to address the gas shortfalls. Going forward, they are committed to implementing policies and reforms, underpinned by Vision 2025 and supported by the IMF’s Extended Fund Facility (EFF), to sustain macroeconomic stability by reducing fiscal needs and increasing reserves; and to enhance the conditions for more inclusive growth, including through better public financial management and governance. METAC’s assistance focuses on helping the authorities meet the structural benchmarks of the IMF’s EFF, improve revenue administration, continuously enhance the capacity of bank supervisors, and rebase and strengthen the national account statistics.