AMMAN – As part of the $1.1 billion of loans and grants announced by the
World Bank Group (WBG) to provide assistance for Jordan’s pandemic response,
the
WBG recently approved $500 million to catalyze public and private
investment in the country.
اضافة اعلان
An additional $250 million will be financed by the Asian Infrastructure
Investment Bank (AIIB).
The program, called the Inclusive, Transparent and Climate Responsive
Investments Program-for-Results (PforR), is intended to create more jobs and
revive the economy, with a focus on climate, green growth opportunities, and
government accountability.
It is premised on the idea that the climate risks currently faced by
Jordan, like water scarcity and extreme weather conditions, necessitate a new
kind of response that is “more resource-efficient and more competitive,”
referred to by the
WBG statement as a greening of infrastructure and
investments that will ultimately create more jobs.
Specifically, Program-for-Results is a WBG financing instrument used for
programs that have already been accounted for by the government budget.
The World Bank press release described the Program’s emphasis on
inclusion and transparency while using gender-informed policy to push for
female labor force participation and institutionalized public
consultation––both during implementation and ex-post evaluation––to ensure that
citizen views are well-represented.
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