This strategy marks a significant milestone in Jordan’s climate change agenda by bringing in a critical new component: greening the financial sector. The vision of this strategy is to transform Jordan’s financial sector into a leading force for green finance mobilization and enhanced resilience against climate-related and environmental risks while also enabling Jordan to become a regional leader in sustainable finance.
The preparation of the strategy was supported by the World Bank’s technical assistance; was sponsored by the FIRST Initiative, the Green Recovery Initiative of the Climate Support Facility, and the Jordan Inclusive Growth and Economic Opportunities Multi-Donor Trust Fund (MDTF); and was supported by the Reform Secretariat at Ministry of Planning and International Cooperation (MoPIC). The MDTF is administered by the World Bank Group, co-chaired by MoPIC and funded by the governments of Canada, Germany, the Netherlands, Norway, and the United Kingdom, which support Jordan’s economic reform efforts.
The Strategy benefited from the review and inputs from Jordan Securities Commission, Jordan Loan Guarantee Corporation, Ministry of Environment, Jordan Banking Association, and others.
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