MUN & RURAL DEVT BANK

closed

The project would help to establish CVDB as a development bank for municipalities and villages, and provide a line of credit to finance eligible subprojects over a two year period. It also includes a technical assistance component to: (i) train CVDB staff; (ii) undertake a study of the ways and means of increasing productive projects in local communities; and (iii) provide an advisor to assist CVDB's management. The project would result in improved public services to meet basic needs in water supply, health, and education and improved economic infrastructure in villages and municipalities, thus reaching some of the poorer segments of Jordan's population. The main project risk is the complexity of coordination between the large number of institutions and sectors involved. Specific actions have been included in the project implementation plan to minimize substantially this risk.