Jordan First Equitable Growth & Job Creation Programmatic Development Policy Financing (WB-P166360)

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
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.
Voting Date
Jun 27, 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
  • Law and Government
  • Technical Cooperation
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)
$ 389.00 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)
$ 500.00 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 Jul 10, 2018

Disclosed by Bank May 25, 2018


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Can you contribute information about this project?
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Project Description

The financing will support Jordan to set the foundations for higher growth, and is structured under three pillars:

  1. business costs and improving market accessibility;
  2. creating flexible and integrated labor markets and better, more efficient social assistance; and
  3. improving fiscal sustainability through revenue mobilization, more efficient public investment spending and tracking of fiscal risks.

Pillar 1 supports measures that improve the competitiveness and ‘ability to export’ of Jordanian businesses.
Pillar 2 supports the Government’s efforts to foster a more flexible and inclusive labor market and develop a more effective social safety net.
Pillar 3 supports fiscal sustainability through revenue mobilization, more efficient public investments and tracking of fiscal risks. This includes support to the Government’s fiscal consolidation efforts through enhanced domestic revenue mobilization by reducing exemptions and preferential rates.

Investment Description
  • World Bank (WB)
Contact Information

Borrower:
HASHEMITE KINGDOM OF JORDAN


Implementing Agency:
Ministry of Planning and International Cooperation
Zeina Toukan
Director, Ministry of Planning

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