Result Based Management Framework - METAC

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The CBJ senior management discusses all the draft regulations and approves them on a
timely basis and requires its staff to follow these guidelines.
The CBJ senior management responds positively to METAC recommendations to
enhance the work of its offsite supervision function.
The CBJ senior management provides all the support needed throughout all the phases of
developing the statistical-based EWS model and in particular in ensuring the availability
and accuracy of the required data.
The supervisors employ the EWS model adequately in the supervisory approach and
processes, and work constantly on reviewing the accuracy of the model and calibrating it
accordingly.
The CBJ senior management continued to be committed to the implementation of the
Basel III action plan and takes all the required measures on a timely basis to put it into
effect.
The CBJ supervisors implement the knowledge acquired during the Basel II and Basel III
training activities in the course of performing their duties and in monitoring the banks’
compliance with the relevant regulations.
B. Macroeconomic Statistics
Past Activities
From its inception up to the first quarter of FY 2014, METAC has provided TA in
macroeconomic statistics to Jordan in the areas of NA, price statistics, external sector
statistics, and Government Finance Statistics (GFS). Some assistance was also provided
for the preparation of Special Data Dissemination Standard (SDDS) metadata.
The beneficiary institutions were essentially the Department of Statistics (DOS) for NA
and prices and the CBJ for external statistics.
Objectives
Work Plan
In the area of NA (annual and quarterly), the most important and urgent improvement is
to update the base year to a recent one (currently: 1994). An economic census was
launched in 2011. TA will be needed to assist the DOS in exploiting the results of this
survey to update the base year, as well as to improve compilation methodologies and