| Financier | Commitments |
|---|---|
| Asian Infrastructure Investment Bank | 200.00 |
| International Bank for Reconstruction and Development | 400.00 |
| Borrower/Recipient | 242.80 |
JORDAN INCLUSIVE, TRANSPARENT AND CLIMATE RESPONSIVE INVESTMENTS PROGRAM FOR RESULTS
Abstract*
The development objective of the Inclusive, Transparent, and Climate Responsive Investments Program for Results for Jordan is to improve accountability to foster climate responsive investments and growth, where: investment is defined as public and private investment; climate responsive investments refer to public sector and private sector opportunities in Jordan’s nationally determined contribution (NDC) and measured by the measurement, reporting... Show More
Development Objective
Improve accountability to foster climate responsive investments and growth.
Key Details
Project Details
P180285
Active
Roland Lomme , John Goddard Lopez, Harikumar Gadde
Hashemite Kingdom of Jordan
February 4, 2023
(as of board presentation)
April 7, 2023
N/A
US$ 5350.00 million
Ministry of Planning and International Cooperation
2023
US$ 600.00 million
N/A
Not Applicable
June 30, 2028
BANK APPROVED
July 15, 2024
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | 400.00 |
| IDA Commitment | N/A |
| IBRD + IDA Commitment | 400.00 |
| Lending Instrument | |
|---|---|
| Grant Amount | 200.00 |
| Total Project Cost** | 5350.00 |
Summary Status of World Bank Financing (US$ Millions) as of April 30, 2025
No data available.
Detailed Financial Activity as of April 30, 2025
No data available.
Results Framework
PROJECT DEVELOPMENT OBJECTIVE INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Increasing the share of capital expenditure in total budget spending Value 8.90 10.50 13.00 Date December 31, 2020 November 7, 2022 December 31, 2027 Comment Enhancing Green and Climate Responsive Investments Towards Jordan's Nationally Determined Contributions (NDC) and Paris Agreement goals Value Monitoring, Reporting & Verification (MRV) system In progress Improved Jordan performance on Climate responsive Date November 2, 2020 February 8, 2023 June 30, 2028 Comment Streamline and digitize business registration and licensing, reducing the compliance time and costs for businesses Value $0 savings in compliance costs As at Apprasial Cumulative savings of $41.1 million (over 5 years) Date June 30, 2020 November 7, 2022 June 30, 2026 Comment Increasing accessibility and usability of statistical and administrative data Value 72.00 72.00 80.00 Date December 31, 2022 December 31, 2022 June 30, 2028 Comment Gender responsive investment Value Rating D under performance indicator GRPFM–2.1 of New indicator. Rating B under performance indicator GRPFM–2.1 on Date February 8, 2023 February 8, 2023 June 30, 2028 Comment
INTERMEDIATE RESULTS INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Strengthening the Ministry of Investment’s institutional focus on investment promotion and related investor services to attract quality investment. Value There is a need to sharpen the focus of investment Investment Environment Law has been passed. Increased investment facilitated, and more new job Date November 2, 2020 February 8, 2023 June 30, 2028 Comment Improving access, quality and continuity of business and infrastructure services in response to social demand. Value 0.00 0.00 30.00 Date March 5, 2021 February 9, 2023 June 30, 2028 Comment Improving the quality of public investment Value No systematic appraisal of large budgeted capital In progress: appraisal methodology/guidelines offi Full appraisal of large investment projects (PIPs Date March 4, 2021 November 7, 2022 December 31, 2027 Comment Enhancing mobilization of green finance to generate climate-responsive investment Value To address the existing climate financing gap, Jor New indicator. Increased climate finance mobilization through the Date February 8, 2023 February 8, 2023 June 30, 2028 Comment Strengthening Good Regulatory Practices for evidence-based and predictable rulemaking (Number of ex ante and ex post impact assessments). Value 0.00 0.00 27.00 Date March 5, 2021 November 7, 2022 June 30, 2028 Comment Gender Responsive Public Investment management Value Rating D under performance indicator GRPFM–2.1 of In progress: project appraisal methodology officia Rating B under performance indicator GRPFM–2.1 of Date April 30, 2021 November 7, 2022 December 31, 2027 Comment Strengthening the strategic direction and enhancing the regulatory environment of the tourism sector to foster high-quality privateand public investment Value Tourism potential is held back by a fragmented app Intermediate target 01 has been met. The tourism sector strategic direction has been st Date November 2, 2020 November 7, 2022 June 30, 2028 Comment Streamlining sectoral licensing to reduce the compliance time and costs for businesses Value Licensing regime entails significant costs, which In progress The compliance costs for businesses have been sign Date June 30, 2020 November 7, 2022 June 30, 2028 Comment Mainstreaming climate responsive capital expenditure in public investments towards Jordan’s NDC goals Value 0% verifiable achievement of govt. CAPEX commitmen In progress: MRV framework officially approved. 25% verifiable achievement of govt. CAPEX commitme Date November 2, 2020 November 7, 2022 June 30, 2026 Comment Identifying private and non-government financing towards Jordan’s NDC 2030 goals Value 0% verifiable progress in mobilizing private secto In progress: MRV framework has been officially app 25% verifiable progress reported towards private a Date November 2, 2020 November 7, 2022 December 31, 2027 Comment