Jordan: Review of the Jordan Securities Commission's Regulatory Processes and Institutional Capacity (EBRD-8167)

Countries
  • Jordan
Where the impacts of the investment may be experienced.
Financial Institutions
  • European Bank for Reconstruction and Development (EBRD)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
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.
Borrower
*Borrower information not provided at the time of disclosure*
The holder of the loan, grant, or other investment.
Sectors
  • Law and Government
  • Technical Cooperation
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 @ EBRD website

Updated in EWS Dec 19, 2019

Disclosed by Bank May 28, 2019


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Project Description

The overall objective of this assignment is to review the  Jordan Securities Commission's (JSC) organization, processes and capacities in order to increase efficiency and effectiveness, build staff capacity, and increase compliance with international practices. This in turn should benefit the market overall as the regulatory scheme and its application are optimized on a cost-effective basis, observing proportionality.


The specific objectives are:

  1. Assessing the JSC’s compliance with applicable international standards;
  2. Reviewing the JSC’s regulatory processes, providing recommendations for increased effectiveness;
  3. Reviewing the JSC’s organization and staffing structures, providing recommendations for increased efficiency;
  4. Providing scenarios on potential staffing structures if the JSC was no longer required to recruit staff within the civil service system;
  5. Devising a staff development plan;
  6. Devising an IT upgrade plan;
  7. Constructing a Public Outreach Program; and
  8. Executing implementation under agreed workplans.
Investment Description
  • European Bank for Reconstruction and Development (EBRD)
Contact Information

*Contact information not provided at the time of disclosure*

ACCOUNTABILITY MECHANISM OF EBRD

The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent. You can contact the PCM at pcm@ebrd.com or you can submit a complaint online using an online form, http://www.ebrd.com/eform/pcm/complaint_form?language=en. You can learn more about the PCM and how to file a complaint at http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html.