The government of Jordan is still at the beginning of its GCF Readiness experience. Few stakeholders are aware of the GCF and its role is in ushering in low-carbon growth and climate change adaptation, and what is required to access funding available.   

The readiness project includes interlinked activities aimed at four key readiness outcomes i.) Accreditation of a Jordanian direct access entity: Although Jordan has a strong financial sector, few institutions are aware of or meet the requirements for accreditation. This workstream will identify potential candidates and support selected entity through the accreditation process ii.) Pipeline of investment-ready project concepts developed: The Government of Jordan is focused on project implementation but lacks the capacity to develop project proposals. This workstream will identify a pipeline of climate projects and prepare concept notes and implementation plans for them iii.) Government capacity to develop bankable project proposals improved: In tandem with the workstream above, this work will focus on collecting best practices and lessons learned for preparing bankable project proposals and provide training and a guidebook for quick government reference iv.) Jordan’s private sector is more aware and engaged in green investment: This workstream will work with government and private sector actors to identify investment barriers, develop solutions and facilitate lender-borrow matchmaking for climate investments. 

The overall objective of the project is to enable Jordan to mobilize climate finance from the GCF thus providing a strategic lever to achieving its NDCs. This project is aligned with IO2. Increased green growth investment flows which enable partner governments to implement green growth policies and IO3. Improved multi-directional knowledge sharing and learning to empower local and external agents necessary to drive green growth processes in partner governments. 

Impact: Jordan’s GHG emissions are reduced to meet NDC targets 

Outcome: N/A 

Project Outputs completed in 2019: 

i. Green Growth Policies:N/A

 ii. Green Investments: 

• Enabling Environment: Nomination of a Direct Access Entity candidate for GCF accreditation and Selection and prioritization of 8 projects with the MoENV and Green Growth sector ministries for concept note development 

iii. Capacity Building and Knowledge Products:  

• NDA Direct Access Entity nomination criteria 
• Gap Assessment and Accreditation Action Plan Report for Cities and Villages Development Bank 
• 3 1-day workshops with the Cities and Villages Development Bank on policy development (e.g. ESS, Gender etc.) 

Project Manager:  Krystle Cooper 

Ahmed Al Amra, Dereje Senshaw, Julie Robles, Marshall Brown