Structural adjustment lending in Jordan

This Precis entitled, Structural adjustment in Jordan, complements the Bank's Operations and Evaluation Department (OED), Performance audit report, Jordan : Industrial and trade policy adjustment loan project, Report No. 14772, dated June 30, 1995. The audit finds that despite severe economic disruptions, during a period dominated by the 1990 Golf crisis and its aftermath, the reforms succeeded in significantly reducing the country's macroeconomic imbalances and restoring economic growth. Jordan's experience showed that adjustment operations can succeed even in extremely adverse conditions when reforms have the right elements.