28/04/2025

As part of the work of the Green Bond Working Group, the Reform Secretariat |MoPIC, in cooperation with the Ministry of Finance and the World Bank team, including leading experts from the World Bank Treasury in capital market sustainability instruments, held on Monday, 28 April 2025, a focused workshop on the progress made so far in preparation for the first sovereign green bond issuance in Jordan.

Key milestones achieved include the operationalization of the Green Bond Inter-Ministerial Steering Committee, update and publication of the Debt Management Strategy, integrating green bonds as part of Jordan’s sovereign financing toolkit, Adoption and publication of the Draft Sovereign Green Bond Framework by the Ministry of Finance, which will be updated upon receiving the Second Party Opinion, and Finalization of the identification of eligible investments and expenditures aligned with green bond criteria.

This progress was made through months of work screening projects within ministries, departments, and agencies, culminating in a comprehensive Report of Findings. Discussions focused on project financing allocations and technical eligibility for green bond issuance, ensuring investments contribute to climate change mitigation, energy efficiency, sustainable resource management, and pollution prevention.

The Green bond issuance in Jordan reflects kingdom’s commitment to sustainability and responsible investment, aiming to attract environmentally conscious investors and accelerate impactful, climate-positive projects.

The sovereign green bond will be structured in full alignment with internationally recognized standards, including the Green Bond Principles (GBP) of the International Capital Market Association (ICMA), and with Jordan’s Green Taxonomy and other relevant frameworks.

While this marks a major milestone, we are now advancing preparations for detailed documentation on use of proceeds, impact metrics, and third-party assessments to ensure full market readiness.