Identifier
Created
Classification
Origin
02AMMAN2648
2002-05-23 14:27:00
UNCLASSIFIED//FOR OFFICIAL USE ONLY
Embassy Amman
Cable title:  

JORDAN: IMF MISSION UPDATE

Tags:  EFIN JO 
pdf how-to read a cable
This record is a partial extract of the original cable. The full text of the original cable is not available.
UNCLAS AMMAN 002648 

SIPDIS

SENSITIVE

TREASURY FOR PIPATANAGUL

E.O. 12958: N/A
TAGS: EFIN JO
SUBJECT: JORDAN: IMF MISSION UPDATE


Senstive but Unclassified.

UNCLAS AMMAN 002648

SIPDIS

SENSITIVE

TREASURY FOR PIPATANAGUL

E.O. 12958: N/A
TAGS: EFIN JO
SUBJECT: JORDAN: IMF MISSION UPDATE


Senstive but Unclassified.


1. (sbu) The IMF mission is leaving Amman for Washington
Thursday (May 23) evening. According to a mission member,
they are taking with them a draft "letter of intent" for a
new 2-year stand-by program. The letter, however, contains
some "empty paragraphs" that need to be filled in by the
Jordanians before a draft program could obtain the full
clearance of IMF staff and management in Washington for
submission to the Executive Board for approval.


2. (sbu) The empty paragraphs relate to structural reforms
in the areas of tax and pension policy. The Jordanians were
simply unprepared this week to give the detail the IMF would
need for its internal reviews. The Jordanians are working on
the paragraphs and hope to be able to send them to Washington
very soon. The macro/financial framework of the proposed
program remains as it has been for some time. There is a
financing gap that remains to be filled, the mission member
said.


3. (sbu) On timing, the mission member said the Jordanians
would have to provide the missing info very soon in order for
a program to be approved by the executive board in time for a
Paris Club negotiation in July, especially since the July
Paris Club meetings begin July 8. Failing that, he thought
Jordan should be ready for the Paris Club meetings that begin
September 9.
Gnehm