Country: Jordan
Duration: 2021-2022
Themes: Strengthening the Business Enabling Environment, Expanding Access to Competitive and Contestable Markets, Promoting Technology Adoption to Raise Productivity, Supporting Entrepreneurship and SME Growth
Cross Cutting Themes: Gender, Digital, Climate
Anticipated Impact Areas: Quality Jobs, Private Investment, Productivity
The Challenge
The impact of the COVID-19 pandemic on Jordan’s economy has been significant. Jordan’s unemployment rates have increased, and economic growth took a downturn. The pandemic has exacerbated the need for structural reforms as the country maps its post-pandemic recovery. To increase competitiveness and improve the quality of green investment, Jordan needs to exam climate change impacts on the private sector, related risks, opportunities, and priority policies to tackle challenges. Jordan has demonstrated its commitment to tackling climate change-related challenges by joining international treaties and launching a national green growth plan.
The Mission
A C-JET funded grant is being implemented by the World Bank in Jordan to provide analytics and research to support evidence-based policymaking and provide a venue for dialogue on green competitiveness and green investing. It will provide policy recommendations, capacity building and facilitate digital platforms that will aim to help remove barriers to green investment and attract green foreign direct investors. Through the implementation of these activities and more, this grant aims to support the enhancement of the Jordanian green investment ecosystem and investment climate to support private sector recovery that is more sustainable.
