IFC and Jordan Kuwait Bank Launch Second Green Bond to Drive Sustainable Investment in Jordan

The bond proceeds will be earmarked for blue finance, energy efficiency and renewable energy projects, certified green buildings, and electric vehicles.

Amman, Jordan, July 15, 2026 — IFC, the private sector arm of the World Bank Group, is investing in Jordan Kuwait Bank to support the bank with the issuing of their second green bond to finance green, water, energy, and sustainable urban development projects.

This follows IFC and Jordan Kuwait Bank’s landmark 2023 partnership, which launched Jordan's first green bond where the proceeds were directed towards green projects including water and wastewater management, a critical priority for water-scarce Jordan.

IFC’s investment is supported by a performance‑based incentive under the IFC-UK Market Accelerator for Green Construction (MAGC), a blended finance program supported by the United Kingdom, acting through the Department for Energy Security and Net Zero.

The incentive aims to accelerate sustainable construction by encouraging financial institutions to build or expand loan portfolios for certified green buildings. This is consistent with MAGC's broader goal of scaling green construction across emerging markets by helping financial intermediaries offer or expand green construction lending products.

The second green bond proceeds will be earmarked for blue finance, energy efficiency and renewable energy projects, certified green buildings, and electric vehicles, promoting adaptation and resilience investments that address climate challenges.

“Our partnership with Jordan Kuwait Bank continues to raise the bar for sustainable finance in Jordan, launching the country's first green bond,” IFC’s Regional Industry Director for Financial Institutions, Momina Aijazuddin. “This second green bond marks the next chapter, supporting job creation, strengthen resilience, and accelerate sustainable growth in support of Jordan's Economic Modernization Vision.”

“The issuance of our second Green Bond marks another important milestone in Jordan Kuwait Bank's sustainable finance journey and reinforces our long-standing commitment to supporting Jordan's transition towards a more resilient and sustainable economy. Building on the success of Jordan's first Green Bond, this issuance will mobilize capital towards projects that generate meaningful environmental and economic impact, while supporting the Kingdom's Economic Modernization Vision and strengthening the role of the financial sector in advancing sustainable development,” said Haethum Buttikhi, the Group Chief Executive Officer of Jordan Kuwait Bank.

The bond will be fully compliant with the International Capital Market Association's Green Bond Principles and the Bank's Green Finance Framework (GFF), both of which establish best practices for issuers on transparency and disclosure.

This investment builds on IFC’s advisory work that supported the establishment of Jordan's first Green Building Incentives Framework and National Green Taxonomy and is aligned with the World Bank Group's strategic priorities in Jordan and the country's Economic Modernization Vision.

Notes to editors

IFC is subscribing up to $100 million of its own account in Jordan Kuwait Bank's green bond issuance, with blended finance support provided in the form of a Performance-Based Incentive (PBI) of up to $0.69 million under the IFC-UK Market Accelerator for Green Construction.

Blended finance is an innovative financing approach that mobilizes concessional capital from the public and philanthropic sectors alongside private capital to de-risk investment, drive impact, and deliver results efficiently and transparently.