Preparing to Maximize Finance for Development in Jordan Through a Policy Framework
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 betw...
| Main Authors: | , , , |
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| Format: | Brief |
| Language: | English |
| Published: |
World Bank, Washington, DC
2020
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/746041582562342431/Preparing-to-Maximize-Finance-for-Development-in-Jordan-Through-a-Policy-Framework http://hdl.handle.net/10986/33389 |
| Summary: | 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. |
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