Economic Opportunities for Jordanians and Syrian Refugees P4R (WB-P159522)

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
C
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 27, 2016
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
Ministry of Finance Jordan
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 Amount (USD)
$ 249.00 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)
$ 300.00 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 Aug 14, 2017

Disclosed by Bank Apr 14, 2016


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Project Description
The World Bank intervention will support Syrian refugees and the Jordanian host communities. The Compact's approach is anchored on three interlinked pillars, to support Jordan's growth agenda whilst maintaining its resilience and economic stability: (a) Turning the Syrian refugee crisis into a development opportunity; that attracts new investments and opens up the EU market with simplified rules of origin—all with the aim to create jobs for Jordanians and Syrian refugees whilst supporting the post-conflict Syrian economy; (b) Strengthening Jordanian host communities' resilience to the refugee crisis by adequately financing public services through grants, in the context of the Jordan Response Plan 2016–2018, in particular the resilience of host communities; and (c) Mobilizing sufficient grants and concessional financing to support the macroeconomic framework and address Jordan’s financing needs over the next three years.
Investment Description
  • World Bank (WB)
Contact Information
World Bank John Speakman Adviser jspeakman@worldbank.org 1 202 473 2397 Borrower/Client/Recipient Ministry of Planning and International Cooperation Dr. Saleh AlKharabsheh Secretary General saleh.kharabsheh@mop.gov.jo 962 64634511 Implementing Agencies: Ministry of Planning and International Cooperation Dr. Saleh AlKharabsheh Secretary General saleh.kharabsheh@mop.gov.jo 962 64634511 Accountability Mechanism of the 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.