Second Programmatic Energy and Water Sector Reforms DPL (WB-P160236)

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
Dec 1, 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
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)
$ 225.00 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 Aug 14, 2017

Disclosed by Bank Aug 1, 2016


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Project Description
The development objective of the Second Programmatic Energy and Water Sector Reforms Development Policy Loan (DPL) Project for Jordan is to improve the financial viability and increase efficiency gains in the energy and water sectors in Jordan. 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 operation also builds on a strong record and ownership by the government in implementing policy reform programs in the water and energy sectors supported by the programmatic DPL series, while recognizing the increasing challenges faced by Jordan in sustaining these reforms while coping with the impacts of the Syrian refugee crisis. This operation is benefiting from concessional financing approved by a newly established concessional financing facility (CFF) to address the needs of middle-income countries hosting large numbers of refugees. This DPL provides additional support and incentives to maintain progress on these already challenging agendas so as to avoid trading off future fiscal and sector resiliency against the immediate demands of accommodating the Syrian refugees.
Investment Description
  • World Bank (WB)
Contact Information
PROJECT CONTACTS Contact: Caroline van den Berg Title: Lead Water Economist Tel: (202) 473-8121 Email: cvandenberg@worldbank.org Location: Washington D.C., USA Contact: Mikul Bhatia Title: Senior Energy Economist Tel: (202) 473-0957 Email: mbhatia@worldbank.org Location: Washington D.C., USA Borrower Contact: H.E. Dr. Saleh Kharabsheh Title: Secretary General, Ministry of Planning and International Cooperation Email: saleh.kh@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.