Lebanon Women Economic Participation (IFC-604388)

Countries
  • Lebanon
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Feb 17, 2020
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
*Borrower information not provided at the time of disclosure*
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Climate and Environment
  • Law and Government
  • Technical Cooperation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Project Cost (USD)
$ 0.17 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS May 3, 2022

Disclosed by Bank Dec 15, 2021

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to bank provided information, the project is delivered in two phases.

The expected development impact of phase 2 (July 2021 - December 2022) is 1) an increased share of women in pay-roll employment and improved quality of women’s pay-roll jobs in the private sector in Jordan. The project will also 2) continue to support women-led SMEs in Lebanon, including those who received the crisis management training under the first phase. the project will ask women-led SMEs to join “Access2Markets Booster for Women SMEs”, a platform that the IFC will design, establish and manage. The platform will deliver several activities to those women SMEs (i.e. export readiness training, procurement readiness training, peer-to-peer support networking events, buyer matchmaking event). The objective of this platform is twofold: (1) to build the capacity and ability of these women-led SMEs to position their products and services for exporting to regional and global markets, (2) as well as aimed to improve their access local markets via local expansion and scale up. For Activity 1: The project will achieve its impact through a combination of evidence-based research, setting up a country-wide private sector peer learning platform and providing in-depth advisory to two IFC investment clients or potential investment clients. By completion, the work on women in pay-roll employment, will have delivered capacity building activities (i.e. introductory webinars, Diversity & Inclusion (D&I) tool design workshops; L4E expo; leadership training for aspiring female leaders from the company cohort;) and recommendations (i.e. bespoke company-specific designed D&I tool/ initiative/deliverable such as i.e. gender diversity strategy or action plan, gender diversity HR policy, etc.) will have been delivered to firms under the L4E PLP. Of the companies reached, they are expected to have increased their knowledge and skills, and are expected to have designed 1 D&I bespoke tool/ initiative/deliverable and present it in the L4E Expo. For Activity 2: By completion, women-led SMEs will have been trained in business export and procurement strategies and participated in peer-to-peer networking events as well as a matchmaking event with buyers.

The expected development impact of phase 1 (June 2020 - June 2021) is an increased share of women in pay-roll employment and improved quality of women’s pay-roll jobs in the private sector in Lebanon. By completion, knowledge activities (i.e. case studies, webinars) and recommendations will have been delivered. Additionally, the creation and or growth of more women-led early stage start-ups in the digital economy. This will be achieved through increased knowledge and market access of early-stage women-led start-ups as a result of increased capacity of incubators and or accelerators to support them. The expected impact is also an increased resilience of non-tech women-led SMEs in the country's time of current economic crisis due their their enhanced knowledge about how to resiliently navigate economic crises.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

*Contact information not provided at the time of disclosure*

ACCESS TO INFORMATION

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If you believe that your request for information from IFC has been unreasonably denied, or that this Policy has been interpreted incorrectly, you can submit a complaint at the link above to IFC's Access to Information Policy Advisor, who reports directly to IFC's Executive Vice President.

ACCOUNTABILITY MECHANISM OF IFC/MIGA

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org 

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How it works