The World Bank Group has unveiled a new Country Partnership Framework (CPF) with Jordan for the period of 2024-2029. This framework aims to create opportunities for the people of Jordan, with a focus on inclusive green growth. The key areas include improving private sector jobs, particularly for youth and women; enhancing human capital outcomes; and bolstering resilience and sustainability through green investments. The CPF emphasizes that achieving these goals requires the full engagement and economic participation of women and youth.
The priorities outlined in the CPF mirror the aspirations of the Jordanian people. The framework was developed following comprehensive consultations with diverse stakeholders across the country. It aligns with and supports Jordan's 10-year Economic Modernization Vision and Public Sector Modernization Roadmap, which were adopted by the government in 2022.
The CPF is grounded in an understanding of Jordan’s diverse economic and development landscapes, building upon a long-standing partnership with the World Bank Group. Over the past five years, the World Bank’s active portfolio in Jordan has grown from four to 17 projects totaling US$4.5 billion, spanning sectors such as education, water, energy, agriculture, and job creation. Furthermore, IFC investments in Jordan have doubled since 2010, making it MIGA's most diversified and third-largest investment exposure in the region.
The 2024-2029 CPF aims to elevate this partnership further. Ambitious plans encompass improving business climate to attract private investment in critical sectors like tourism, digital services, and green industries; supporting Jordan as a refugee host; aiding its digitalization journey; revitalizing its education system to equip young people with diverse skills for future jobs; and increasing resilience through investments promoting green energy and water security.
In April 2024, along with endorsing the CPF, two new anchor operations were approved by the Board to support early implementation of the framework. These include: 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), aiming to enhance public service delivery and expedite digital transformation; and 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, addressing key constraints to women joining and staying in the labor market.
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, watch this video.