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Cover -- CONTENTS -- CONTEXT -- RECENT DEVELOPMENTS -- OUTLOOK AND RISKS -- PROGRAM DISCUSSIONS -- A. Fiscal Policy -- B. Electricity and Water Sector Policies -- C. Monetary and Financial Policy -- D. Structural Reforms to Enhance Inclusive Growth -- PROGRAM MODALITIES AND FINANCING -- STAFF APPRAISAL -- BOXES -- 1. Income Tax Reform -- 2. Energy Sector Reform -- FIGURES -- 1. Selected Economic Indicators -- 2. Program Performance -- 3. Outlook and Risks -- 4. Monetary Developments, 2013-19 -- TABLES -- 1. Selected Economic Indicators and Macroeconomic Outlook, 2017-24 -- 2a. Central Government: Summary of Fiscal Operations, 2017-24 (In millions of Jordanian dinars) -- 2b. Central Government: Summary of Fiscal Operations, 2017-24 (In percent of GDP) -- 2c. Central Government: Summary of Quarterly Fiscal Operations, 2018-20 -- 2d. NEPCO Operating Balance and Financing, 2017-24 -- 2e. WAJ and Distribution Companies Balance and Financing, 2017-24 -- 3a. Summary Balance of Payments, 2017-24 -- 3b. External Financing Requirements and Sources, 2017-24 -- 3c. Foreign Exchange Needs and Sources, 2017-24 -- 3d. Identified Sources of Public External Financing, 2017-24 -- 4a. Monetary Survey, 2017-20 -- 4b. Summary Accounts of the Central Bank of Jordan, 2017-20 -- 5. Access and Phasing Under the Extended Fund Facility (EFF) -- 6. Indicators of Fund Credit, 2017-24 -- 7. Capacity to Repay Indicators, 2017-24 -- 8. Structural Benchmarks, 2017-19 -- ANNEX -- I. Debt Sustainability Analysis -- APPENDIX -- I. Letter of Intent -- Attachment I. Memorandum of Economic and Financial Policies -- Attachment II. Technical Memorandum of Understanding (TMU).

Cover -- CONTENTS -- Glossary -- SUMMARY OF MISSION OUTCOMES AND PRIORITY RECOMMENDATIONS -- DETAILED TECHNICAL ASSESSMENT AND RECOMMENDATIONS -- A. Introduction -- B. Outline of RPPI Compilation Methods -- C. Potential Data Sources for the RPPI -- D. Next Steps -- E. Producer Price Index for Real Estate Activities -- F. Officials Met During the Mission -- TABLE -- 1. Priority Recommendations

Cover -- CONTENTS -- RECENT DEVELOPMENTS, OUTLOOK AND RISKS -- PROGRAM PERFORMANCE -- POLICIES IN THE PERIOD AHEAD -- A. Fiscal policy -- B. Monetary and Exchange Rate Policies -- C. Policies to Buttress Financial Stability -- D. Enhancing Inclusive Growth -- PROGRAM MONITORING AND RISKS -- STAFF APPRAISAL -- FIGURES -- 1. Macroeconomic Developments and Projections -- 2. Monthly Indicators of Economic Activity -- TABLES -- 1. Selected Economic and Financial Indicators, 2014-23 -- 2. Balance of Payments, 2014-23 -- 3. Consolidated Government Operations, 2014-20 -- 4. Monetary Survey and Central Bank Account, 2014-19 -- 5. Financial Soundness Indicators for the Banking Sector, 2012 -2018 -- 6. Schedule of Reviews Under the Policy Coordination Instrument, 2017-20 -- 7. Indicators of Fund Credit, 2014-23 -- ANNEXES -- I. Debt Sustainability Analysis -- II. Switching to a Monetary Policy Consultation Clause -- APPENDIX -- I. Program Statement -- Attachment I. Technical Memorandum of Understanding

Cover -- CONTENTS -- BACKGROUND -- RECENT DEVELOPMENTS -- PROGRAM PERFORMANCE -- POLICY DISCUSSIONS -- A. Medium-Term Macroeconomic Framework -- B. Fiscal Policy for the Remainder of 2018 -- C. Fiscal Policy for 2019 and the Medium Term -- D. Fiscal Governance -- E. Financial Sector and Monetary Policies -- F. Anti-Corruption and Other Structural Reforms -- G. Financing, Program Modalities, and Risks -- STAFF APPRAISAL -- FIGURE -- 1. Recent Economic Developments, 2010-18p -- TABLES -- 1. Selected Economic and Financial Indicators, 2016-22 -- 2. Fiscal Operations of the Central Government, 2016-22 (in billions of CFAF) -- 3. Fiscal Operations of the Central Government, 2016-22 (percent of non-oil GDP) -- 4. Balance of Payments, 2016-22 -- 5. Monetary Survey, 2016-22 -- 6. Financial Soundness Indicators, 2011-2018Q2 -- 7. Schedule of Disbursements Under the ECF Arrangement -- 8. Indicators of Capacity to Repay the IMF, 2018-32 -- ANNEX -- I. Governance and Corruption in Chad -- APPENDIX -- I. Letter of Intent -- Attachment I. Memorandum of Economic and Financial Policies -- Attachment II. Technical Memorandum of Understanding

Cover -- CONTENTS -- Glossary -- CONTEXT -- RECENT DEVELOPMENTS -- OUTLOOK AND RISKS -- POLICIES UNDER THE PLL ARRANGEMENT -- A. Macro-Financial Resilience -- B. Public Sector Governance -- C. Growth and Inclusion -- ASSESSMENT OF QUALIFICATION -- A. General Assessment -- B. Assessment of Specific Criteria -- C. PLL Approval Criteria -- DURATION AND ACCESS LEVEL -- CAPACITY TO REPAY THE FUND -- STAFF APPRAISAL -- BOXES -- 1. Achievements Under the Third PLL Arrangement -- 2. External Economic Stress Index -- 3. Access Level -- FIGURES -- 1. Real Developments -- 2. Fiscal Developments -- 3. Financial Sector Developments -- 4. External Developments -- 5. Structural Reforms -- 6. Morocco and Selected Countries: Comparing Adverse Scenarios -- TABLES -- 1. Selected Economic Indicators, 2015-23 -- 2a. Budgetary Central Government Finance, 2015-23 (Billions of dirhams) -- 2b. Budgetary Central Government Finance, 2015-23 (Percent of GDP) -- 3. Balance of Payments, 2015-23 -- 4. Monetary Survey, 2015-18 -- 5. Capacity to Repay Indicators, 2018-23 -- 6. External Financing Requirements and Sources, 2017-20 -- 7. Impact on GRA Finances -- 8. Financial Soundness Indicators, 2015-18 -- ANNEXES -- I. Public Debt Sustainability Analysis (DSA) -- II. External DSA -- APPENDIX -- Written Communication -- Attachment. Technical Appendix

Cover -- CONTENTS -- CONTEXT -- RECENT DEVELOPMENTS, OUTLOOK, AND RISKS -- POLICY DISCUSSIONS -- A. Reinforcing the Fiscal Framework -- B. Creating an Environment for a Dynamic Private Sector -- C. Enhancing Governance -- STAFF APPRAISAL -- BOXES -- 1. Air Connectivity: Risky Business -- 2. Fisheries Management: Risks and Actions -- 3. Economic Diversification: Possible Directions -- FIGURES -- 1. Cross-Country Setting: Economic Fundamentals -- 2. Cross-Country Setting: Structural Indicators -- 3. Recent Developments -- TABLES -- 1. Selected Economic Indicators, 2013-19 -- 2. Medium-Term Projections, 2015-23 -- 3a. Summary of Government Operations (in millions of AUD), 2015-23 -- 3b. Summary of Government Operations (in percent of GDP), 2015-23 -- 4. Balance of Payments, 2015-23 -- APPENDICES -- I. External Sector Assessment -- II. Risk Assessment Matrix -- III. Main Recommendations of the 2017 Article IV Consultation -- IV. SDG and Strategic Surveillance Matrix

Cover -- CONTENTS -- IMPLICATIONS OF NORDEA'S REDOMICILE TO FINLAND -- A. Introduction -- B. Nordea's Operations -- C. Implications of Nordea's Redomicile -- D. Policy Responses to Nordea's Move -- E. Assessment -- BOX -- 1. Capital Buffers in Finland -- TABLES -- 1. Lending by Country -- 2. Loan Portfolio -- 3. Liabilities -- 4. Debt Securities

Cover -- CONTENTS -- CONTEXT -- RECENT DEVELOPMENTS AND OUTLOOK -- CAPACITY TO REPAY THE FUND -- RISKS AND POLICY DISCUSSIONS -- A. Risks to Growth -- B. Risks to the Public Finances -- C. Risks from the Financial Sector -- STAFF APPRAISAL -- BOXES -- 1. Assessing the VAT Effectiveness in Albania and Measures to Enhance it -- 2. Albania's Power Sector: Challenges and Solutions -- FIGURES -- 1. Government Revenues -- 2. Real Sector Developments -- 3. Monetary Sector Developments -- 4. External Sector Developments -- 5. Fiscal Sector Developments -- 6. Banking Sector Developments -- 7. Electricity Sector-Selected Indicators -- TABLES -- 1. Basic Indicators and Macroeconomic Framework, 2015-24 -- 2a. General Government Operations, 2015-24 (Percent of GDP) -- 2b. General Government Operations, 2015-24 (Billions of Leks) -- 3a. Balance of Payments, 2015-24 (Percent of GDP) -- 3b. Balance of Payments, 2015-24 (Millions of Euros) -- 4. External Financing Requirement and Sources, 2015-24 (Millions of Euros) -- 5. Monetary Survey, 2015-24 (Billions of Leks. unless otherwise indicated) -- 6. Summary of Accounts of the Central Bank, 2015-24 (Billions of Leks) -- 7. IMF Core Indicators of Financial Soundness, 2012-19 -- 8. Indicators of Capacity to Repay the Fund, 2016-24 (in Millions of SDRs) -- ANNEXES -- I. Risk Assessment Matrix -- II. Recent Developments of Financial Regulations in Albania -- III. Debt Sustainability Analysis.

Cover -- CONTENTS -- CONTEXT -- RECENT DEVELOPMENTS -- REPORT ON DISCUSSIONS -- A. Outlook and Risks -- B. External Sector Assessment -- POLICY CHALLENGES -- A. Macroeconomic Mix for Stability and Growth -- B. Taming Financial Stability Risks -- C. Adapting to Structural Challenges -- STAFF APPRAISAL -- BOX -- 1. Corporate Tax and First Pillar Pension Funding (STAF) Reform -- FIGURES -- 1. The Long View, 2000-18 -- 2. Monetary Policy, 2000-18 -- 3. Selected Monetary Indicators, 2010-18 -- 4. Selected Financial Indicators, 2007-19 -- 5. Indicators for Global Systemic Banks, 2006-18 -- 6. External Accounts and Exchange Rates, 2000-18 -- 7. Housing Markets, 1985-18 -- TABLES -- 1. Selected Economic Indicators, 2016-24 -- 2. Balance of Payments, 2016-24 -- 3. SNB Balance Sheet, 2010-18 -- 4. General Government Finances, 2016-24 -- 5. General Government Operations, 2008-18 -- 6. Bank Soundness Indicators, 2010-18 -- 7. External Sector Assessment -- ANNEXES -- I. Risk Assessment Matrix -- II. Debt Sustainability Analysis -- III. FSAP Main Recommendations -- IV. Status of Previous Recommendations -- CONTENTS -- FUND RELATIONS -- STATISTICAL ISSUES.

Cover -- CONTENTS -- CONTEXT AND RECENT DEVELOPMENTS -- PROGRAM OBJECTIVES AND POLICIES -- A. Macroeconomic Framework -- B. Fiscal Policies -- C. Poverty Reduction and Social Protection -- D. Monetary and Exchange Rate Policies -- E. Energy Sector Policies -- F. Structural Policies -- PROGRAM ISSUES -- PROGRAM RISKS -- STAFF APPRAISAL -- BOXES -- 1. External Sector Assessment -- 2. Budget FY 2019/20 -- FIGURES -- 1. Selected Economic Indicators, 2008-19 -- 2. Selected Financial Indicators, 2009-19 -- 3. Selected Banking Indicators, 2006-19 -- TABLES -- 1. Selected Economic Indicator, Program Scenario, 2014/15-2019/20 -- 2. Medium-Term Macroeconomic Framework, Program Scenario, 2016/17-2023/24 -- 3. Balance of Payments, Program Scenario, 2016/17-2023/24 -- 3a. Gross Financing Requirements and Sources, Program Scenario, 2017/18-2023/24 -- 4a. General Government Budget, Program Scenario, 2016/17-2023/24 (In billions of Pakistani rupees) -- 4b. General Government Budget, Program Scenario 2016/17-2023/24 (In percent of GDP) -- 5. Monetary Survey, Program Scenario, 2014/15-2019/20 -- 6. Financial Soundness Indicators for the Banking System (December 2013-March 2019) -- 7. Indicators of Fund Credit, 2015-27 -- 8. Selected Vulnerability Indicators, Program Scenario, 2016/17-2023/24 -- 9. Schedule of Reviews and Purchases -- 10. Public External Liabilities and Repayment Schedule -- 11. Inclusive Growth Indicators -- 12. Quantitative Performance Criteria and Indicative Targets for FY 2019/20 -- 13. Structural Conditionality -- ANNEX -- I. Public and External Debt Sustainability -- APPENDIX -- I. Letter of Intent -- Attachment I. Memorandum on Economic and Financial Policies -- Attachment II. Technical Memorandum of Understanding.

Cover -- CONTENTS -- CONTEXT -- OUTLOOK -- PROGRAM IMPLEMENTATION -- POLICY DISCUSSIONS -- A. Strengthening the Institutional Foundations of Dollarization -- B. Boosting Competitiveness and Job Creation -- C. Promoting Shared Prosperity and Protecting the Poor and Most Vulnerable -- D. Improving Transparency and Governance -- PROGRAM MODALITIES AND RISKS -- STAFF APPRAISAL -- FIGURES -- 1. Recent Economic Developments -- 2. Fiscal Developments -- 3. A Vulnerable External Position -- 4. The Financial System Has Recovered -- 5. Labor Force Gender Issues -- 6. Competitiveness -- TABLES -- 1. Active Scenario Selected Indicators -- 2. Program Implementation -- 3. Fiscal Consolidation Measures -- 4. Selected Economic and Financial Indicators -- 5a. Operations of the Nonfinancial Public Sector (Net Accounting) (Millions of U.S. dollars) -- 5b. Operations of the Nonfinancial Public Sector (Net Accounting) (Percent of GDP) -- 6. Nonfinancial Public Sector Financing -- 7. Balance of Payments -- 8. External Financing -- 9. Monetary Survey -- 10. Financial Soundness Indicators -- 11. Indicators of Fund Credit 2019.28 -- 12. Proposed Access and Phasing Under the Extended Fund Arrangement -- ANNEXES -- I. Legal Reform on Public Financial Management and Fiscal Rules in Ecuador -- II. Progress on the Reform of the Legal Framework of Banco Central del Ecuador (BCE) -- III. Gender Wage Gap in Ecuador -- APPENDICES -- I. Letter of Intent -- Attachment I. Memorandum of Economic and Financial Policies -- Attachment II. Technical Memorandum of Understanding.