collaboration with USAID has set up the registry platform to prepare for the law being passed. Indicator 9 : Private-sector led growth: Increase in the average growth rate of Greenfield FDI in core services (where core services exclude real estate and tourism). Value (quantitative or Qualitative) 2009-2011 average: US$ 345.9 million 2012-2014 average: a 20 percent increase compared to baseline -40.2 percent (based on updated data and methodology) Date achieved 2009-2011 2012-2014 2015 Comments (incl. % achievement) Given updated methodology and revised data from fDi Markets used to calculate Greenfield FDI in core services, the 2009-2011 comparable baseline grew to an average of US$ 400.8 million with 2012-2014 average at US$ 239.6 million, a 40.2 percent decrease, with an improvement to US$ 251.8 million in 2016 (the highest since 2013). Indicator 10: Private sector-led growth: Median and dispersion in the number of days to obtain all required licenses to effectively start a business (spread 80-20 percentile). Reduce the administrative time needed to effectively start a business. Value (quantitative or Qualitative) 10a. Median: 26 days 10b. Dispersion: 22.6 days 10a. Median: 12 days 10b. Dispersion: 10 days Median: 18.0 days Dispersion: 19.4 days Date achieved 2011 30/9/2015 30/9/2015 Comments (incl. % achievement) Partially achieved for the median. By end-2016: median 16 days, dispersion 27.4 days. Program Development Objectives (from Program Document Loan and Program Summaries) The series was built around three pillars, which are also the operation’s PDOs: (i) improve transparency and accountability; (ii) improve debt management and the efficiency of government spending; and (iii) promote private sector-driven growth. G. Ratings of Program Performance in ISRs Jordan Programmatic Series: First and Second Programmatic Policy Loans (P124441 and P125483). No. Date ISR Archived DO IP Actual Disbursements (USD millions) 1 03/13/2012 Satisfactory Satisfactory 249.38
achieved (Refer to Annex 4). As such, the authorities’ perspective is that the operation should be rated Satisfactory. Cofinanciers JICA, who provided parallel financing to the second operation, commended the exemplary collaboration and partnership with the World Bank that allowed for the successful outcome of the DPL (Refer to Annex 5). (c) Other partners and stakeholders (e.g. NGOs/private sector/civil society) Annex 1 Bank Lending and Implementation Support/Supervision Processes (a) Task Team members P124441 – Jordan First Programmatic DPL Names Title Unit Responsibility/ Specialty Lending Ndiamé Diop Lead Economist GMF10 Task Team Leader from 09/28/2010 to 09/25/2012 Eric Le Borgne Lead Economist GMF05 Task Team Leader from 09/26/2012 Nazaneen Ismail Ali Sr. Procurement Specialist GGO05 Procurement Mona El-Chami Sr. Financial Management Specialist GGO23 Financial Management Chadi Bou Habib Sr. Economist GMF01 Haneen Ismail Sayed Lead Economist MNC02 Jad Raji Mazahreh Sr. Financial Management Specialist GG023 Murat Sultanov Sr. Financial Sector Specialist GFM2A Paul Scott Prettitore Sr. Public Sector Specialist GGO17 Umar Serajuddin Sr. Economist DECDG Wael Mansour Economist GMF08 William Peter Mako Sr. Private Sector Development Specialist GTC05 Behdad M. H. Nowroozi Sr. Finance and Private Sector Development Specialist - Loubna Ennadir Program Assistant GHNDR Komlan Kounestsron Sr. Operations Officer GSURR Catherine Laurent Consultant GGO13 Jean Michel Noel Marchat Lead Economist GTC07 Omar Razzaz Douglas Pearce Practice Manager GFM2B