Jordan Second Equitable Growth & Job Creation Programmatic Development Policy Financing (WB-P168130)

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
Proposed
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 4, 2019
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
Hashemite Kingdom of Jordan
The holder of the loan, grant, or other investment.
Sectors
  • Finance
  • Industry and Trade
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)
$ 1,450.00 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)
$ 1,450.00 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 26, 2019

Disclosed by Bank May 10, 2019


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Project Description

According to bank documnets, the objective of the Second Equitable Growth and Job Creation Programmatic is largely unchanged from DPL-1. To reflect Government objective of reforming FDI, procurement and PPP legislation as well as the commitment to create a more sustainable energy sector and green growth, the objective has been amended to: (i) reduce business costs and improve market accessibility, and to encourage new investment, (ii) create more flexible and integrated labor markets and
provide better and more efficient social assistance, and (iii) improve fiscal sustainability and take more informed public sector decisions regarding energy sector sustainability and efficiency, and risk.

Investment Description
  • World Bank (WB)
Contact Information

Christos Kostopoulos, Ali H. Abukumail, Alvaro S. Gonzalez
Lead Economist

Borrower:
Hashemite Kingdom of Jordan
Abdulhakim Shibli
secretarygeneral@mof.gov.jo 

Implementing Agency:

Ministry of Planning and International Cooperation
Maher Abdulrahim
Maher.Abdelrahim@MOP.GOV.JO 

ACCOUNTABILITY MECHANISM OF WORLD BANK

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