Bank Executed
New insolvency regime will improve the business environment through the removal of market constraints to access finance. In fact, a modern and efficient insolvency regime helps creditors achieve maximum value for assets, facilitating higher distribution to creditors as a whole and reducing the burden of insolvency. Consequently, lenders are encouraged to grant higher-risk loans improving the access to finance of small and medium businesses, through removing the need to take an immovable collateral that MSMEs and women-owned businesses do not have. Thus, enhancing certainty in the market and promoting economic stability and growth. This will result in preserving jobs, retaining supply chains, fostering entrepreneurship, and stimulating new business start-ups, including women-owned and refugees-owned businesses which are the most affected by the cost and conditions of lending.
Recipient Executed
A significant achievement has been the establishment of a specialized Business Environment Unit dedicated to streamlining the Investor Journey Program and fostering economic growth. Also, facilitated expert consultations and partnerships with leading companies, with a central focus on simplifying and eliminating 15 sectoral licenses. This support falls under reform area 3.1 Business Registration and Licensing.
Recipient Executed
This project was initiated to address the challenges faced by inspectors within the national inspection system. Its primary objectives are to procure portable tablets, and cameras for field use and integrate them with the active unified inspection system, enhancing efficiency, reducing paperwork, and expediting decision-making while also improving the quality of inspections and relieving administrative and financial burdens on economic establishments. Additionally, the project includes the implementation of a core system and control room to manage Body Worn Cameras, facilitating the real-time storage and access of inspection visit recordings and critical information, thereby comprehensively enhancing the entire inspection system. Overall, the project aims to equip inspectors with essential tools and establish a robust infrastructure for streamlined inspection processes and effective data management. This support falls under Reform Area 3.2 Business Inspection.
Recipient Executed
The objective of this support is to acquire customized risk management application software and consulting services for Jordan Customs Department, aimed at modernizing and integrating risk management processes and systems across participating organizations. The integrated system will prioritize high-risk cargo, facilitate low-risk shipments, and enhance data analysis through modern techniques. It will integrate with core processing software, improve decision-making for border operations, increase revenue collection, and reduce opportunities for corruption. The system will process electronic data, enable predictive modelling, and use machine learning to continuously improve risk assessment. The strategic objectives include an easy-to-use graphical interface, integration with legacy systems, data management, risk assessment, pre-clearance and post-clearance analysis, case management, selectivity profiling, business intelligence, and machine learning capabilities, all aimed at enhancing security and efficiency in international trade.
This support falls under Reform Area 4.2 Trade Facilitation and Export Promotion.
Recipient Executed
This support aims to enhance trade facilitation by strengthening the existing Jordanian (Authorized Economic Operator AEO) program. This involves promoting AEO status through labelling and conformity assessment, optimizing control measures, reducing physical inspections for AEO companies, and significantly reducing release times for the main commercial imports by 50%. Specific objectives include the implementation of a new AEO module in the Jordan AW version to analyse risk for compliant traders, improving customs' capacity to control AEOs and reduce physical examinations, training customs officers on new controls and rulings for value, origin, and classification, and raising awareness among other government agencies to adopt similar principles in their control strategies, thus enhancing overall trade efficiency and compliance.
This support falls under Reform Area 4.2 Trade Facilitation and Export Promotion.
Recipient Executed
This technical assistance aims to comprehensively evaluate the current Institutional and Regulatory framework of development areas, including economic, administrative, and promotional aspects. It also involves re-engineering investment procedures and assessing the performance of development companies overseeing these areas to enhance services for investors. This evaluation extends to regulatory performance and the adoption of new administrative systems to boost the attractiveness of each area based on its competitive advantage. The goal is to create better opportunities, elevate institutional governance, and attract both local and foreign direct investment (FDI). Additionally, the study will include an assessment of the existing zone policy, considering elements like extra-territoriality, private zone development, zone designation criteria, eligibility criteria, and labor regulations to align with best-practice policy frameworks.
This support falls under reform area 4.1: Investment Environment and Promotion.
Bank Executed
To support the labor agenda in Jordan through analyzing the causes for segmentation in the labor market, identifying the enabling triggers and characteristics for job accessibility at the supply side, and providing policy recommendations. The project will also continue to support the economic empowerment of vulnerable population agenda, through enhancing systems’ preparedness. A gender perspective will be integrated in the project, identifying recommendations to support female jobseekers in finding employment.
Bank Executed
To support the Government of Jordan’s efforts in the area of Doing Business reform. As part of this project, support to be provided to the GOJ is to include, but will not be limited to:
- development of a short, medium and long term reform action plan outlining reform recommendations.
- support with prioritization of reforms and creation of an institutional reform mechanism.
- support with implementation of reforms through targeted technical assistance.
- support with capacity building to various stakeholders in understanding DB methodology, good practices in reforms and benchmarking with good practice jurisdictions.
Bank Executed
To provide technical assistance to the Central Bank of Jordan for enhancing climate-responsiveness of Jordan’s financial sector and to support the implementation of the key milestones of the CBJ’s Strategy for Greening the Financial Sector.
