IFC, JSF discuss public-private partnership projects in Jordan

AMMAN — The Jordan Strategy Forum (JSF) held a discussion session with officials from the  IFC, a member of the World Bank Group, covering public-private partnership (PPP) investments in Jordan, their impediments and opportunities, and the way forward. 

IFC Regional Vice President for the Middle East, Central Asia, Turkey, Afghanistan and Pakistan, Hela Cheikhrouhou, and the IFC Vice President for Cross-Cutting Solutions, Emmanuel Nyirinkindi, along with some members of the JSF, private sector representatives, and IFC experts attended the event, according to a statement made available to The Jordan Times.

Acknowledging Jordan’s regional success in the design and implementation of PPP projects, the IFC officials stressed their eagerness to provide the necessary support to continue to unlock the Kingdom’s potential in PPP investments.

JSF members discussed the private sector’s perspective on PPP projects, highlighting the need for a regulatory framework for these partnerships with clear principles for governance, accountability, and transparency to ensure fair competition among the bidding companies. 

The more than 30 participants agreed on the importance of having a clear roadmap with potential PPP projects in each sector. They stressed the need to streamline the proposed projects with the Economic Modernisation Vision and national priorities to ensure alignment and consistency. 

In addition, the participants highlighted the need to use the recently concluded and successful PPP projects as examples when working to advance the process of implementing and managing new PPP projects, the statement said.