AMMAN – On Sunday, the World Bank
confirmed that its active portfolio in Jordan comprises 16 projects with a
total value of $3.9 billion in the form of loans, concessional financing, and
grants as of the end of January.
اضافة اعلان
This expanded portfolio aims to
support
Jordan’s Economic Reform Activity (ERA), enhance climate resilience,
and strengthen its response to the
COVID-19 pandemic, Al-Mamlaka TV reported.
The
strategic partnership framework between the World Bank and Jordan (2017–2023)
focuses on key pillars:1) Promoting private sector-led growth:
Enhancing job opportunities for all.
2) Improving
service quality and equity: Ensuring better access to basic services such
as
education and health.
3) Supporting effective response and resilient recovery:
Addressing the impact of the pandemic.
The World Bank continues to work in
Jordan through consulting services and evidence-based analyses. These efforts
provide valuable economic and social diagnoses that are accessible to all
stakeholders. The Bank also provides semi-annual economic updates, including
the Fall 2023 Economic Update for Jordan, as well as climate-related reports,
such as the 2022 Climate and Development Report for Jordan.
Additionally, the World Bank manages
the Comprehensive
Growth and Economic Opportunities Fund in Jordan, which
includes contributions from the UK, Canada, Germany, Norway, and the
Netherlands. This fund supports private sector growth and job creation.
The
World Bank project portfolio in Jordan covers various areas, including:
●Youth and job opportunities: Stimulating investments for youth employment.
●Education: Enhancing educational opportunities.
●Agricultural resilience: Strengthening agricultural capacity.
●Water sector efficiency:
Improving water services.
●Cash support for the poorest and most vulnerable: Providing financial assistance to those in need.
The
World Bank’s active projects in Jordan span across the following sectors:
1- Finance, competitiveness, and inclusion:
● Economic opportunities for Jordanians and
Syrian refugees: Valued at $349 million, this project aims to create economic
opportunities for both Jordanians and Syrian refugees.
● Innovative Startups Fund Project: With a value of $50
million, this project supports innovative startups.
● Youth, Technology, and Jobs Project: Valued at $200
million, it focuses on youth empowerment and technology-driven
employment.
● Support for Industry Development Fund Project: A $85
million initiative to enhance industry development in Jordan.
2- Macroeconomics,
trade, and investment:
● Inclusive, transparent, and climate-responsive investments:
A $900 million program to promote comprehensive and climate-responsive
investments in Jordan.
● Co-financing of $450 million from the Asian
Infrastructure Investment Bank (AIIB).
3- Health,
nutrition, and population:
●
Emergency COVID-19 Response Project: Valued at $70
million, this project supports Jordan’s pandemic response.
● Grant of $13.75 million from the Crisis Response Window.
4- Education:
● Education Sector Reform Support Program: A $229 million
initiative to improve education.
● Co-financing of $70.9 million from the
Global Concessional Financing Facility (GCFF).
5- Social
protection and jobs:
● Emergency cash transfers for COVID-19 response: Funding
of up to $1 billion.
● Private sector employment and skills support
(operations): Valued at $112 million.
6- Urban
development and resilience:
● Municipal services and social resilience in urban areas:
A $102 million project.
● Governance strengthening project: Valued at $15.8
million.
Water,
energy, and environment:
● Gradual phase-out of ozone-depleting
hydrochlorofluorocarbons (HCFCs) compounds: A $3.9 million project.
● Electricity sector efficiency program: Valued at $250
million.
● Water sector efficiency in Jordan: A $200
million project, co-financed with $50 million from the GCFF and $50
million from the French Development Agency.
In the agriculture and food sector,
the World Bank launched a project to explore high-value agricultural methods
that achieve social inclusion and optimize water usage. This project received a
grant of $1 million from the Crisis Response Window. Additionally, the
Agricultural Resilience and Value Chain Development Program aims to enhance the
agriculture sector’s resilience and promote innovation, with a total value of
$95.6 million.
The World Bank Group also
collaborates through the Multilateral Investment Guarantee Agency (MIGA). In
Jordan, MIGA’s active guarantees constitute the third-largest portfolio in the
MENA, totaling $545.8 million as of September 30, 2023.
The
World Bank’s financial commitments in Jordan during the past year amounted to
$946 million, distributed across the following programs:A) Agricultural resilience and value chain
development: Enhancing the agriculture sector’s capacity for resilience
and innovation.
B) Inclusive,
transparent, and climate-responsive investments: A program valued at $900
million was co-financed with $450 million from the AIIB.
C) Electricity
sector efficiency program: Focused on improving the efficiency of the
electricity sector.
D) Water sector efficiency in Jordan: A $200 million project,
supplemented by $50 million from the GCFF and $50 million from the French
Development Agency.
The
current portfolio of the agency’s partnerships between the public and private
sectors in Jordan includes three projects:A- Expansion of As-Samra Wastewater Treatment
Plant
B- Thermal
power plant in Zarqa Governorate.
C- Investments in the rehabilitation, expansion, and
operation of
Queen Alia International Airport (QAIA).
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