Promoting Financial Inclusion Policies in Jordan (WB-P163719)

Regions
  • Middle East and North Africa
Where the impacts of the investment may be experienced.
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
Jan 18, 2018
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
Government of Jordan
The holder of the loan, grant, or other investment.
Sectors
  • Communications
  • Finance
  • Law and Government
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 1.25 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)
$ 1.25 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 Mar 1, 2018

Disclosed by Bank Apr 5, 2017


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Project Description

The project objective is to promote financial inclusion and digital financial services by supporting the implementation of Jordan’s National Financial Inclusion Strategy (NFIS).This includes operationalizing a financial inclusion implmentation unit, developing a country-specific program of peer-learning and knowledge sharing, and establishing a regulatory sandbox to faciliate the development and adoption of innovative financial technology.

Investment Description
  • World Bank (WB)
Contact Information

Borrower:
Ministry of Planning and International Cooperation
Contact : HE Dr. Saleh Al-Kharabsheh
Title : Secretary General
Telephone No : 0096264634511
Email : saleh.kh@mop.gov.jo

Implementing Agency:
The Central Bank of Jordan
Contact : Dr.Maher Sheikh Hasan
Title : Deputy Governor
Telephone No : 0096264630301
Email : Maher.Hasan@cbj.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.