Jordan: Additional Financing for Inclusive, Transparent and Climate Responsive Investments Program (AIIB-000746)

  • Jordan
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • Asian Infrastructure Investment Bank (AIIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Jun 1, 2023
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Abdelhakim Shibli, Secretary General, MoF
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
  • Climate and Environment
  • Technical Cooperation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 150.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Loan Amount (USD)
$ 150.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ AIIB website

Updated in EWS Feb 20, 2023

Disclosed by Bank Feb 17, 2023

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to bank provided information, the project objective is to further improve accountability to foster climate responsive investments and growth during and after the COVID-19 pandemic.

The original Program of USD250 million, co-financed with the World Bank, was approved by AIIB’s Board of Directors on August 26, 2021, and became effective on November 15, 2021, with an objective to improve accountability to foster climate responsive investments and growth during and after the COVID19 pandemic. The Program implementation has been satisfactory, and significant progress has been made towards the achievement of the Program’s outcomes and disbursements-linked results. Aligned with achieved results, the disbursement rate has reached 49 percent (including 20 percent advance), ahead of schedule.

In October 2022, the Government of Jordan approached AIIB to request for USD200 million from the Bank to scale up the operation and the restructuring of the operation “in light of the recent institutional developments that included key implementing agencies”. In parallel, the Government requested for USD 400 million from World Bank, the lead co-financier of the original Program. Following the discussion with World Bank, the total additional financing of USD 450 million is being planned to accommodate the Government’s financing requests, of which World bank plans to proceed with USD 300 million and AIIB considers to co-finance USD150 million, in the same proportion as before.

In June 2022, the Government adopted an economic modernization strategy (Economic Modernization Vision 2033), which aims at accelerating Jordan’s growth rate, creating over one million jobs, enhancing living conditions by increasing per capita income, improving competitiveness, and strengthening environmental sustainability. The proposed Additional Financing is highly aligned withthe Government’s strategy and will call for a significant increase in both public and private investment,especially in green and climate friendly areas, making the economy more resilient.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.


Asian Infrastructure Investment Bank

Hongliang Yang

Principal Investment Operations Specialist 


World Bank/IBRD

Roland Lomme

Senior Governance Specialist



Abdelhakim Shibli

Secretary General, MoF 



Emad Shanaah

Director, International Cooperation Department, MoPIC 




You can submit an information request for project information at: 


The AIIB has established the Accountability Mechanism for Project-Affected People (PPM). The PPM provides Òan opportunity for an independent and impartial review of submissions from Project-affected people who believe they have been or are likely to be adversely affected by AIIBÕs failure to implement the ESP in situations when their concerns cannot be addressed satisfactorily through Project level GRMs or AIIB Management processes.Ó Two or more project-affected people can file a complaint. Under the current AIIB policy, when the bank co-finances a project with another development bank, it may apply the other bank's standards. You can refer to the Project Summary Information document to find out which standards apply. You can learn more about the PPM and how to file a complaint at:

The complaint submission form can be accessed in Arabic, Bahasa Indonesia, Bengali, Chinese, English, Tagalog, Hindi, Nepali, Russian, Turkish, or Urdu. The submission form can be found at: 

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How it works