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Preparing to Maximize Finance for Development in Jordan Through a Policy Framework

(World Bank, Washington, DC, 2020-02) Cuvillier, Emmanuel ; Ahmad, Aijaz ; Dornel, Arnaud ; Alzahrani, Hussam

The Mashreq region and, in particular, the countries of Iraq, Jordan, and Lebanon are facing major policy and fiscal challenges to growth and job creation. The Maximizing Finance for Development (MFD) approach aims to optimize the relationship between the public and the private sector.It would achieve this in two major ways: (i) maximizing the volume of investment and commercial finance that can be crowded in by effective reforms coupled with targeted deployment of scarce domestic and international public funds; and (ii) efficiency gains with extensive involvementof the private sector to expand and improve public services while minimizing the burden on the national budget and tax resources. The World Bank Group seeks, for the first time, todevelop and implement the MFD agenda based on a standardized subregional framework. This note describes the prerequisites recently put in place in Jordan for effective MFD implementation through a combined public investment management (PIM) and public-private partnership (PPP)policy framework.
Access to Information in the Middle East and North Africa Region: An Overview of Recent Developments in Jordan, Lebanon, Morocco, and Tunisia

(World Bank, Washington, DC, 2015) Almadhoun, Said

The right to access and request information is enshrined in article 19 of the universal declaration of human rights. Access to information (ATI) plays an essential role for promoting accountability and citizens ability to monitor the actions of the government, and it contributes to participatory development. The goal of this report is to provide an overview of the situation of access to information in the Middle East and North Africa (MNA) region, in particular the cases of Jordan, Lebanon, Morocco, and Tunisia. This report looks at previous and current efforts for promoting ATI in the region in order to facilitate knowledge exchange among ATI practitioners across those countries and to help them identify areas for collaboration in the region. For each country, this report will first examine the legal and or institutional framework, including a range of factors such as constitutional provisions, restrictive legislation, relevant regional and international conventions, and key administrative bodies. Government initiatives affecting the right of ATI are then considered in detail for each country. This report examines the practice of ATI for each of these four countries, including the use and implementation of ATI legislation or other applicable transparency provisions. Finally, a summary of recent developments of the ATI coalitions and campaigns in these countries is provided.
Jordan Corporate Governance Regulations: Comparative Study

(World Bank Group, Washington, DC, 2013-06-09) Jordan Institute of Directors

As the importance of Corporate Governance increases, an awareness and understanding of the different relevant regulations becomes of paramount value. The importance and value of Corporate Governance is not the core of this publication. The publication is built around the premise that Corporate Governance is important and increasingly becoming of significant importance for growth, continued success and sustainability. Accordingly, this publication aims to identify, highlight and summarize the different codes of Corporate Governance along with other relevant regulations that impact Corporate Governance that are available in Jordan. The authors intend to address the different codes with respect to the principles of Corporate Governance as defined by the Organization of Economic Cooperation and Development (OECD); namely: ensuring the basis for an effective Corporate Governance framework; the rights of shareholders and key ownership functions; the equitable treatment of shareholders; the role of stakeholders in Corporate Governance; disclosure and transparency; and the responsibilities of the Board. This comparative study will provide an overview of how each code (or relevant regulation) addresses the different principles and to what extent. Since certain Corporate Governance practices tend to overlap across different principles and cover broad practices, we have found that it would be best in this study to provide a detailed assessment of different practices and requirements based on different dimensions. The dimensions the authors use are those defined based on best practices as identified by the International Finance Corporation (IFC) as follows: commitment to Corporate Governance; board functioning; management control environment; disclosure and transparency; and shareholder and stakeholder relations.
Jordan Workforce Development : SABER Country Report 2013

(Washington, DC, 2013) World Bank

Human Development in Jordan has witnessed significant progress over the past two decades, in line with Jordan s vision to become a regional leader through leveraging its strong human capital base into a skills, knowledge and innovation driven economy. Evidence of progress on this front is provided by the advancement of the country s human development and education indicators. Between 1980 and 2011, the Human Development Index (HDI) value increased by 29 percent, the adult literacy rate reached 92.6 percent; the primary school completion rate hit 100 percent and combined gross enrolment reached 79 percent. In the decade prior to the global financial slowdown of 2008 and the subsequent political unrest in the region, Jordan experienced rapid economic growth, outperforming the MENA average.
Middle East and North Africa Economic Developments and Prospects, September 2011 : Investing for Growth and Jobs

(Washington, DC, 2011-09) World Bank ; Ianchovichina, Elena

The report highlights the important links between good governance on a level legal and regulatory playing field, and the ability of investment to stimulate growth. Investment in the Middle East and North Africa (MENA) region has been strong over the last two decades in comparison with Latin America and Eastern Europe. However, in the oil exporting countries, it has been primarily supported by large and expanding public investments. Oil importers, in contrast, have shown more strength in private investment, which has increased in recent years. A concern with reliance on public investment is that in economies with weak governance there is no evidence that public investment stimulates growth. In contrast, in countries with an adequate level of protection of property rights and legal institutions, public investment is strongly linked to growth. The report also makes a strong case for private investment in services and manufacturing as engines of job creation and income growth in the region.
Middle East and North Africa Economic Developments and Prospects, January 2011 : Sustaining the Recovery and Looking Beyond

(Washington, DC, 2011-01) World Bank ; Ianchovichina, Elena

The impact of the global financial and economic crisis on the Middle East and North Africa region was relatively mild. Lack of integration and a large public sector helped insulate the region to some extent, but now these and other factors are slowing down the speed of its economic recovery. The report examines the major factors threatening the recovery and those that obstruct long-term growth – especially non-oil export growth, which in net terms contributed little to regional growth during the past decade, with non-oil exports remaining below potential in many countries in the region. The report emphasizes several major areas in need of policy makers’ attention, including restrictive trade policies, particularly those affecting trade in services; governance issues linked to uneven application of rules and regulations; inefficient and inflexible labor markets and scarcity of skills, innovation and technological capabilities.