Jordan Textile (IFC-608185)

Countries
  • Jordan
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • 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
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
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
Nov 27, 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.
Borrower
Government of Jordan - MIT Jordan; MOPIC - Jordan; Ministry of Investment
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Industry and Trade
  • Law and Government
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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 0.99 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.
Project Cost (USD)
$ 0.99 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 @ IFC website

Updated in EWS May 19, 2025

Disclosed by Bank Mar 5, 2025

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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 the Bank’s website, the project comprises:

Component 1. Feasibility assessment. The project will conduct a comprehensive assessment of the feasibility of creating and operating a textile cluster/dedicated zone in Jordan for IFC or private sector investors (feasibility of an industry zone for colocation of multiple textile and garment producers, as an instrument to support the sector development in Jordan). The purpose of this study is to assess Jordan’s viability as a competitive location and the private sector’s ability to lead a special textiles economic zone initiative that supports development of a vertically integrated textile industry, including both fabric and other materials production. The assessment itself will map and analyze various constraints on private investment, evaluate the availability of required services and knowledge within the private and public sectors, and define the need for IFC advisory and investment support to prepare and execute bankable investment projects in the sector. Specific attention will be paid to the possibility of using renewable energy and modern resource-efficient technologies for production.

Component 2. Improvement of investment conditions through focused policy reforms. Based on pre-implementation findings, the project will develop a set of policy proposals to improve regulatory procedures and eliminate unnecessary constraints on sector development and devise means to support the implementation of the proposals.

Component 3. Promote strategic investment opportunities and attract new investments into Jordan’s textile sector.

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

Estimated Total Budget: $990,000.00 (Project budget includes all project-funded activities)


Contact Information
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No contacts available at the time of disclosure.

ACCESS TO INFORMATION

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ACCOUNTABILITY MECHANISM OF IFC/MIGA

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

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