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Jordan - Micro Small and Medium Enterprise Development for Inclusive Growth Project (Arabic)

The project development objective of the Micro, Small, and Medium Enterprise (MSME) Development For Inclusive Growth Project for Jordan is to contribute to the improvement of access to finance for micro, small and medium enterprises in the Hashemite Kingdom of Jordan. This objective will remain the same under the additional financing (AF). However, the AF will include direct lending from the Central Bank of Jordan (CBJ) to microfinance institutions (MFIs). The proposed AF operation will finance scaling-up the well-performing parent project’s activities to further enhance its impact. The recent development in the regulatory space within the financial system that brought MFIs under the supervision of CBJ will expand the outreach further under the proposed AF. Awarding loans to new businesses, and in turn creating new employment opportunities, will be the main focus of the operation. There is a large and growing demand for more affordably priced loans, and this demand is expected to grow in the future. Through contributing to an improvement in access to finance for MSMEs in Jordan, this operation will ultimately expand employment opportunities through the development of the Jordanian private sector. In doing so, the operation will also demonstrate how improved financial intermediation to MSMEs can lead to sustainable private sector jobs, development of entrepreneurship capacities and reduction of poverty, as well as contribute to overall economic growth.

Details

  • Document Date

    2015/03/25

  • Document Type

    Project Paper

  • Report Number

    PAD1364

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    Jordan,

  • Region

    Middle East and North Africa,

  • Disclosure Date

    2015/12/08

  • Disclosure Status

    Disclosed

  • Doc Name

    Jordan - Micro Small and Medium Enterprise Development for Inclusive Growth Project

  • Keywords

    finance and markets;small and medium enterprise;Consultative Group to Assist the Poor;Macro Economics & Fiscal Management;Micro, Small and Medium Enterprise;public private partnership;public-private partnership;Fragile, Conflict & Violence;access to finance;Environmental and Social Safeguard;access to financial service;improving access to finance;Micro and Small Enterprises;legal and regulatory framework;economic and financial analysis;national environmental;financial innovation;female and youth entrepreneurship;access to bank loan;Private and Financial Sector;overseas private investment corporation;environment and social management;European Bank for Reconstruction;capacity for implementation;sustainable private sector;business development service;segments of society;social and environmental;availability of fund;lack of credit;financial protection mechanism;commercial interest rate;barrier to woman;grievance redress mechanism;risk of poverty;number of jobs;standard of living;fiscal consolidation effort;lack of finance;innovative financing mechanism;banking sector asset;trade and competitiveness;development of entrepreneurship;reduction of poverty;class of service;implications for development;private sector job;inclusive economic growth;medium sized firms;credit information system;financial service provider;institutional capacity building;fiscal adjustment effort;impact on poverty;total labor force;private sector credit;generation of waste;national environmental law;negative environmental impact;introducing new products;risk management system;expansion of capacity;environmental assessment process;flora and fauna;access to loan;adverse environmental impact;Job Creation;financial intermediaries;eligibility criterion;woman entrepreneur;working capital;safeguard policy;business environment;beneficiary feedback;economic slowdown;financial system;microfinance institution;inclusive growth;Safeguard Policies;

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COMPLETE REPORT

Official version of document (may contain signatures, etc)

Citation

Jordan - Micro Small and Medium Enterprise Development for Inclusive Growth Project (Arabic). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/758161468187739169/Jordan-Micro-Small-and-Medium-Enterprise-Development-for-Inclusive-Growth-Project