First Programmatic Energy and Water Sector Reforms DPL (WB-P154299)

Countries
  • Jordan
Where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
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
Sep 18, 2015
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
The holder of the loan, grant, or other investment.
Sectors
  • Law and Government
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 250.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 250.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ WB website

Updated in EWS Sep 23, 2017

Disclosed by Bank Apr 8, 2015


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Project Description
The development objective of the First Programmatic Energy and Water Sector Reforms Development Policy Loan (DPL) Program Project for Jordan aims to support fiscal and policy reform programs undertaken by the Government of Jordan in the energy and water sectors. The policy program supported by the DPL will be structured around two pillars: (i) improving the financial viability of the electricity and water sectors; and (ii) increasing efficiency gains in the energy and water sectors. The DPL supports the Jordan 2025 vision of self-reliance and financial stability and contributes to the World Bank’s strategic goals of ending extreme poverty and promoting shared prosperity in a sustainable manner. Poverty scenarios in Jordan are usually closely linked to energy, food, and water subsidies, and therefore any reform can reduce the welfare of the poor if not mitigated properly. To minimize the impact of the elimination of subsidies for most petroleum products in 2012, the government simultaneously introduced a cash transfer scheme, known as the fuel compensation cash transfer program for households.
Investment Description
  • World Bank (WB)
Contact Information
PROJECT CONTACTS Contact: Husam Mohamed Beides Title: Program Leader Tel: +961-1-987-800 Email: hbeides@worldbank.org Location: Beirut, Lebanon (IBRD) Contact: Caroline Van Den Berg Title: Lead Water and Sanitation Specialist Tel: +12024738121 Email: cvandenberg@worldbank.org Location: Washington, DC, USA (IBRD) Borrower Contact: Ministry of Planning and International Cooperation (MoPIC) Title: H.E. Imad Najib Fakhoury Tel: +962-6-4644466 Email: mop@mop.gov.jo ACCOUNTABILITY MECHANISM OF WORLD BANK The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.