• The World Bank and Jordan’s new Country Partnership Framework will support implementation of the country’s 10-year economic modernization plan
  • The CPF will help to increase private sector jobs, especially for women and young people, green investments, and improve human capital outcomes
  • Over the past 5 years, the World Bank’s active portfolio has increased from four to 17 projects totaling US$4.5 billion for education, water, energy, agriculture and jobs

The World Bank Group’s new Country Partnership Framework (CPF) with Jordan for 2024-2029, charts an ambitious path forward for creating opportunities for the people of Jordan. It places inclusive green growth at the center with a focus on: 1) More and better private sector jobs, especially for youth and women; 2) Improved human capital outcomes; and 3) Increased resilience and sustainability with green investments. The CPF underscores that none of these goals cannot be met without the full engagement and economic participation of women and youth.

These priorities reflect the aspirations of the Jordanian people. The CPF has been shaped by comprehensive consultations with diverse stakeholders across the country. It is fully aligned and will support Jordan to implement the country's 10-year Economic Modernization Vision and Public Sector Modernization Roadmap, which the government adopted in 2022 for the people of Jordan.

THE CPF is rooted in an understanding of Jordan’s diverse economic and development landscapes and built upon the foundation of long-standing partnership with the World Bank Group. Over the past 5 years, the World Bank’s active portfolio has increased from four to 17 projects reaching US$4.5 billion, spanning sectors including education, water, energy, agriculture and job creation. IFC investments in Jordan have doubled since 2010. For MIGA, Jordan is its most diversified and third-largest investment exposure in the region.

The 2024-2029 CPF takes the World Bank's partnership to the next level. Ambitious plans include improving the business climate and attracting private investment in critical sectors like tourism, digital services, and green industries; supporting Jordan as a refugee host and on the country’s digitalization journey; revitalizing the education system and technical and vocational education to equip young people with diverse skills for future jobs; and building more resilience through investments to drive green energy and water security.

The CPF endorsement by the Board in April 2024 was accompanied by the approval of two new anchor operations that will support early implementation of the CPF. The Jordan People-Centric Digital Government Program for Results (PforR), financed by a US$321 million loan and a US$29 million grant from the Global Concessional Financing Facility (GCFF), aims to enhance public service delivery and expedite digital transformation. The Enhancing Women's Economic Opportunities Operation, financed by a US$221 million loan and a US$5 million grant from the Early Learning Partnership’s Invest in Childcare Initiative, addresses key constraints to women joining and staying in the labor market.

Watch this video to learn more about the CPF and how the World Bank and Jordan are partnering to build a strong future for the people of Jordan.

NO Comment 26th May 2024

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