Jordan Second Equitable Growth & Job Creation Programmatic Development Policy Financing

Abstract*

The development objective of the Second Equitable Growth and Job Creation Programmatic Development Policy Financing (DPF2) for Jordan is to support Jordan to set foundations to: (i) reduce business costs and improve market accessibility, (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 decisions regarding risk. DPF2 will help... Show More

Development Objective

The program development objective is to support Jordan to set foundations to: (i) reduce business costs and improve market accessibility, (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 decisions regarding risk.

Key Details

Project Details

Project ID
P168130
Status
Closed
Team Leader
Christos Kostopoulos , Alvaro Gonzalez, Ali Abukumail
Borrower 2
Hashemite Kingdom of Jordan

Country
Jordan
Disclosure Date
May 10, 2019
Approval Date
(as of board presentation)
June 4, 2019
Effective Date
June 5, 2019

Total Project Cost 1
US$ 0.00 million
Implementing Agency
Ministry of Planning and International Cooperation
Region
Middle East and North Africa
Fiscal Year 3
2019

Commitment Amount
US$ 1450.00 million
Environmental Category
N/A
Environmental and Social Risk
Not Applicable
Closing Date
December 31, 2021

Last Stage Reached
BANK APPROVED
Parent Projects
P166360
Last Update Date
April 25, 2024

Notes
1. Total project cost includes funding from World Bank and non-bank sources in US$ millions. Active and Closed projects show current commitments. Proposed (pipeline) and dropped projects show the forecast amount. The commitment amount for projects in the pipeline is indicative and may be modified during the project preparation.
2. Borrower refers to the Borrower of a Loan or Recipient of a Grant.
3. ”Fiscal Year” is the fiscal year in which the project was approved (or dropped if the status is dropped). The World Bank's fiscal year is from July 1 - June 30. For example, a fiscal year of 1996 corresponds to July 1, 1995 - June 30, 1996.

Sectors

Themes

FY17 - Environment and Natural Resource Management

FY17 - Climate change18%
- FY17 - Mitigation18%
FY17 - Energy36%
- FY17 - Access to Energy7%
- FY17 - Energy Policies & Reform28%

FY17 - Private Sector Development

FY17 - Business Enabling Environment14%
- FY17 - Investment and Business Climate14%
FY17 - ICT7%
- FY17 - ICT Solutions7%
FY17 - Jobs14%
- FY17 - Job Creation14%
FY17 - Public Private Partnerships7%

FY17 - Public Sector Management

FY17 - Public Finance Management21%
- FY17 - Domestic Revenue Administration7%
- FY17 - Public Expenditure Management14%

FY17 - Social Development and Protection

FY17 - Social Protection14%
- FY17 - Social protection delivery systems14%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
International Bank for Reconstruction and Development	1450.00

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	1450.00
IDA Commitment	N/A
IBRD + IDA Commitment	1450.00

Lending Instrument
Grant Amount	N/A
Total Project Cost**	N/A

Summary Status of World Bank Financing (US$ Millions) as of April 30, 2025

No data available.

Detailed Financial Activity as of April 30, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
May 15, 2024	IBRD-89820	Int Charges	27,183,040.00
Jul 6, 2020	IBRD-89820	Loan Disb	225,000,000.00
May 15, 2024	IBRD-89820	Loan Repay	12,168,038.00
Jun 4, 2019	IBRD-89820	Loan Commitment	1,450,000,000.00
Nov 15, 2023	IBRD-89820	Int Charges	7,992,500.00
Nov 15, 2023	IBRD-89820	Int Charges	25,882,380.00
May 15, 2023	IBRD-89820	Int Charges	7,556,750.00
May 15, 2023	IBRD-89820	Int Charges	24,471,276.00
Nov 15, 2022	IBRD-89820	Int Charges	4,094,000.00
Nov 15, 2022	IBRD-89820	Int Charges	13,257,737.00
May 15, 2022	IBRD-89820	Int Charges	6,703,957.00
May 15, 2022	IBRD-89820	Int Charges	2,070,187.50
Nov 15, 2020	IBRD-89820	Loan Disb	-225,000,000.00
Nov 15, 2020	IBRD-89820	Loan Disb	225,000,000.00
May 15, 2021	IBRD-89820	Int Charges	6,777,224.50
May 15, 2021	IBRD-89820	Int Charges	2,092,812.50
Nov 15, 2020	IBRD-89820	Int Charges	1,881,000.00
Nov 15, 2020	IBRD-89820	Int Charges	239,273.40
Nov 15, 2020	IBRD-89820	Int Charges	8,490,910.00
Nov 15, 2021	IBRD-89820	Int Charges	2,058,500.00
Nov 15, 2021	IBRD-89820	Int Charges	6,666,109.00
Nov 15, 2019	IBRD-89820	Loan Disb	-728,625,020.00
Nov 15, 2019	IBRD-89820	Loan Disb	728,625,020.00
Nov 15, 2019	IBRD-89820	Int Charges	508,915.25
Nov 15, 2019	IBRD-89820	Int Charges	13,574,701.00
Jun 5, 2019	IBRD-89820	Loan Disb	3,625,000.00
Jun 5, 2019	IBRD-89820	Fee Charges	3,625,000.00
Jun 6, 2019	IBRD-89820	Loan Disb	725,000,000.00
May 15, 2020	IBRD-89820	Int Charges	897,425.80
May 15, 2020	IBRD-89820	Int Charges	12,966,287.00
Jul 1, 2020	IBRD-89820	Loan Cancel	496,375,008.00
May 15, 2024	IBRD-89820	Int Charges	8,394,145.00

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Overall Implementation Progress (IP)	Moderately Unsatisfactory	2022-08-06
Progress towards achievement of PDO	Moderately Unsatisfactory	2022-08-06
Monitoring and Evaluation	Moderately Unsatisfactory	2022-08-06
Program Management	Moderately Unsatisfactory	2022-08-06

COMPLETION RATINGS

INDICATOR	IMPLEMENTATION COMPLETION & RESULTS REPORT: 04-25-2024
Outcomes	Moderately Unsatisfactory
Risk to Development Outcome
Bank Performance	Moderately Unsatisfactory
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

INDICATOR	ICR REVIEW: 09-25-2024	PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome Rating	Moderately Unsatisfactory	N/a
Risk To Development Outcome		N/a
Bank Performance	Moderately Unsatisfactory	N/a
Borrower Performance		N/a
Government Performance		N/a
Implementing Agency		N/a
Icr Quality	Modest	N/a
M&e Quality		N/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

RI 1 Foreign direct investment: FDI in services as a percent of total investments facilitated by Jordan Investment Commission	Value	10300000.00	42864000.00	10557500.00
	Date	December 31, 2018	December 31, 2022	December 31, 2021
	Comment

RI 15 Revenue mobilization: Cumulative impact of revenue measures in 2018–20 Value 0.00 1404400.00 1280000.00
Date December 31, 2017 December 31, 2022 December 31, 2021
Comment
RI 7 Female labor force participation rate Value 14.21 13.80 17.00
Date December 31, 2017 December 31, 2023 December 31, 2021
Comment
RI 2 Business inspections and licensing: Aggregate business compliance costs Value 43500000.00 43500000.00 34800000.00
Date December 31, 2017 December 31, 2023 December 31, 2021
Comment
RI 16 NEPCO’s operating balance is zero or positive Value No No Yes
Date December 31, 2018 December 31, 2022 December 31, 2021
Comment
RI 8 Employment: Growth of formal, private, full-time employment (annual average) Value 3.10 5.30 3.30
Date December 31, 2016 December 31, 2022 December 31, 2021
Comment
RI 17 Number of days of total outstanding receivables (beyond the due date) for NEPCO Value 148.00 121.00 75.00
Date December 31, 2018 December 31, 2022 December 31, 2021
Comment
RI 9 Flexible work: Growth of formal, private, part-time, female workers (average annual) Value 3.20 2.30 3.50
Date December 31, 2016 December 31, 2022 December 31, 2021
Comment
RI 3 Guaranteed exports as a percentage of total exports Value 1.09 2.80 2.40
Date December 31, 2017 December 31, 2022 December 31, 2021
Comment
RI 10 Cost of work permits for Syrian workers Value 335.00 0.00 0.00
Date December 31, 2017 December 31, 2023 December 31, 2021
Comment
RI 4 Insolvency: Insolvency Framework Index of the Doing Business indicator Value 5.00 19.00 10.00
Date December 31, 2017 December 26, 2023 December 31, 2021
Comment
RI 18 Ratio of NEPCO’s debt service liability to EBITDA Value 5.85 8.40 1.00
Date December 31, 2018 December 31, 2022 December 31, 2021
Comment
RI 11 Safety net coverage: Number of households covered by NAF Value 93000.00 432224.00 178000.00
Date December 31, 2018 December 31, 2023 December 31, 2021
Comment

RI 5 Procurement: Government entities prepare annual procurement plans at least one month before the end of the fiscal year	Value	0.00	29.00	100.00
	Date	December 31, 2018	December 31, 2023	December 31, 2021
	Comment

RI 19 Electricity tariffs cross-subsidy reduction Value 25.50 20.00 20.90
Date December 31, 2016 December 31, 2023 December 31, 2021
Comment
RI 12 NAF efficiency: Percent of new NAF beneficiaries receiving payments digitally Value 0.00 100.00 80.00
Date December 31, 2019 December 31, 2023 December 31, 2021
Comment

RI 6 Broadband: Average monthly retail price (excluding taxes) of residential 500 megabit per second broadband connection	Value	80.00	25.00	70.00
	Date	December 31, 2019	December 14, 2023	December 31, 2021
	Comment

RI 20 Index of grid subsidy for self-generation Value 90.00 0.00 0.00
Date December 31, 2016 December 31, 2023 December 31, 2021
Comment
RI 13 Electricity support benefits: Number of households provided with electricity support benefits Value 0.00 242.00 15000.00
Date December 31, 2019 December 31, 2023 December 31, 2021
Comment
RI 21 Climate change: Number of sectoral and subnational climate change strategies or plans prepared Value 0.00 23.00 3.00
Date December 31, 2018 December 31, 2023 December 31, 2021
Comment
RI 14 Number of energy support benefits schemes in operation Value 0.00 1.00 3.00
Date December 31, 2018 December 31, 2023 December 31, 2021
Comment
RI 22 PIM-PPP: Use of National Registry of Investment Projects (NRIPs) Value 0.00 6.25 100.00
Date December 31, 2017 December 31, 2023 December 31, 2021
Comment
RI 23 Debt management: Inclusion of contingent liabilities and risk assessment in Debt Mgmt Strategy Value No Yes Yes
Date December 31, 2017 December 31, 2023 December 31, 2021
Comment
RI 24 PPP transactions: Number of pre-feasibility studies undertaken under the new PIM-PPP Governance Framework Value 0.00 5.00 5.00
Date December 31, 2017 December 31, 2023 December 31, 2021
Comment

RI 7 Female labor force participation rate	Value	14.21	13.80	17.00
	Date	December 31, 2017	December 31, 2023	December 31, 2021
	Comment

RI 2 Business inspections and licensing: Aggregate business compliance costs	Value	43500000.00	43500000.00	34800000.00
	Date	December 31, 2017	December 31, 2023	December 31, 2021
	Comment

RI 8 Employment: Growth of formal, private, full-time employment (annual average)	Value	3.10	5.30	3.30
	Date	December 31, 2016	December 31, 2022	December 31, 2021
	Comment

RI 17 Number of days of total outstanding receivables (beyond the due date) for NEPCO	Value	148.00	121.00	75.00
	Date	December 31, 2018	December 31, 2022	December 31, 2021
	Comment

RI 9 Flexible work: Growth of formal, private, part-time, female workers (average annual)	Value	3.20	2.30	3.50
	Date	December 31, 2016	December 31, 2022	December 31, 2021
	Comment

RI 3 Guaranteed exports as a percentage of total exports	Value	1.09	2.80	2.40
	Date	December 31, 2017	December 31, 2022	December 31, 2021
	Comment

RI 10 Cost of work permits for Syrian workers	Value	335.00	0.00	0.00
	Date	December 31, 2017	December 31, 2023	December 31, 2021
	Comment

RI 4 Insolvency: Insolvency Framework Index of the Doing Business indicator	Value	5.00	19.00	10.00
	Date	December 31, 2017	December 26, 2023	December 31, 2021
	Comment

RI 18 Ratio of NEPCO’s debt service liability to EBITDA	Value	5.85	8.40	1.00
	Date	December 31, 2018	December 31, 2022	December 31, 2021
	Comment

RI 11 Safety net coverage: Number of households covered by NAF	Value	93000.00	432224.00	178000.00
	Date	December 31, 2018	December 31, 2023	December 31, 2021
	Comment

RI 19 Electricity tariffs cross-subsidy reduction	Value	25.50	20.00	20.90
	Date	December 31, 2016	December 31, 2023	December 31, 2021
	Comment

RI 20 Index of grid subsidy for self-generation	Value	90.00	0.00	0.00
	Date	December 31, 2016	December 31, 2023	December 31, 2021
	Comment