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lomatic representation in US: chief of mission: Ambassador Fayiz A. TARAWNEH chancery: 3504 International Drive NW, Washington, DC 20008 telephone: [1] (202) 966-2664 FAX: [1] (202) 966-3110 US diplomatic representation: chief of mission: Ambassador Wesley W. EGAN, Jr. embassy: Jabel Amman, Amman mailing address: P. O. Box 354, Amman 11118 Jordan; APO AE 09892-0200 telephone: [962] (6) 820101 FAX: [962] (6) 820159 Flag: three equal horizontal bands of black (top), white, and green with a red isosceles triangle based on the hoist side bearing a small white seven-pointed star; the seven points on the star represent the seven fundamental laws of the Koran Economy ------- Economic overview: Jordan is a small Arab country with inadequate supplies of water and other natural resources such as oil and coal. Jordan benefited from increased Arab aid during the oil boom of the late 1970s and early 1980s, when its annual real GNP growth averaged more than 10%. In the remainder of the 1980s, however, reductions in both Arab aid and worker remittances slowed real economic growth to an average of roughly 2% per year. Imports - mainly oil, capital goods, consumer durables, and food - outstripped exports, with the difference covered by aid, remittances, and borrowing. In mid-1989, the Jordanian Government began debt-rescheduling negotiations and agreed to implement an IMF-supported program designed to gradually reduce the budget deficit and implement badly needed structural reforms. The Persian Gulf crisis that began in August 1990, however, aggravated Jordan's already serious economic problems, forcing the government to shelve the IMF program, stop most debt payments, and suspend rescheduling negotiations. Aid from Gulf Arab states, worker remittances, and trade contracted; and refugees flooded the country, producing serious balance-of-payments problems, stunting GDP growth, and straining government resources. The economy rebounded in 1992, largely due to the influx of capital repatriated by workers returning from the Gulf, but the recovery was uneven throughout 1994 and 1995. The government is implementing the reform program adopted in 1992 and continues to secure rescheduling and write-offs of its heavy foreign debt. Debt, poverty, and unemployment remain Jordan's biggest on-going problems. GDP: purchasing power parity - $19.3 billion (1995 e
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