Jordan Inclusive, Transparent and Climate Responsive Investments Program For Results

The development objective of the Inclusive, Transparent, and Climate Responsive Investments Program for Results for Jordan is to improve accountability to foster climate responsive investments and growth, where: investment is defined as public and private investment; climate responsive investments refer to public sector and private sector opportunities in Jordan’s nationally determined contribution (NDC) and measured by the measurement, reporting, and verification (MRV) system; and accountability rests on a framework of enhanced transparency and feedback loops that inform investment and policy decisions. Additional financing (AF) and restructuring is to improve the development effectiveness and fiscal sustainability of public investment, to scale up support to climate responsive public and private investment, including by leveraging green financing and climate finance, to promote job and business opportunities for women, and to strengthen government effectiveness and social accountability through participatory policy making based on data. Restructuring adjusts the program to policy shifts and institutional reorganization in the past year and scales up and improves the initial result framework across result areas: it supports in particular targeted investment incentives to promote women business opportunities provided under the new Investment Environment Law enacted at the end of 2022 and its subsidiary legislation in February 2023, and promotes business and job opportunities for women in tourism in implementation of the tourism gender and inclusion plan which was an output of the parent program.