Schools Jordan (IFC-602965)

Countries
  • Jordan
Where the impacts of the investment may be experienced.
Financial Institutions
  • European Bank for Reconstruction and Development (EBRD)
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jul 28, 2018
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Jordan’s Ministry of Education (MoE)
The holder of the loan, grant, or other investment.
Sectors
  • Education and Health
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
Not Disclosed
When disclosed, the bank did not provide this value. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Feb 27, 2019

Disclosed by Bank Feb 17, 2019


Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description

According to IFC's project disclosure information, Jordan’s Ministry of Education (MoE) aims to implement a multi-year program to build up to 600 new schools to alleviate the shortage of schools in the country. This program will be implemented over the next decade, and IFC will work jointly with the European Bank for Reconstruction and Development (EBRD) to provide transaction advisory support to MoE to design and implement a pilot project comprising the design, financing, construction, and maintenance of elementary and secondary schools under a Public Private Partnership model.

The pilot project is expected to increase children’s access to education by alleviating school shortages and improving the quality of their learning environment by reducing the number of overcrowded class rooms and rented schools. The project is expected to mobilize private financing to fund the capital investment needed to build, equip, maintain and provide non-pedagogical services.

Investment Description
  • European Bank for Reconstruction and Development (EBRD)
  • International Finance Corporation (IFC)
Contact Information

*Contact information not provided at the time of disclosure*

ACCOUNTABILITY MECHANISM OF IFC

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/