PNG Centre for Women in Trades (IFC-608038)

Countries
  • Papua New Guinea
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
Jun 29, 2023
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
Centre for Women in Trades (CWT)
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Industry and Trade
  • 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.
Investment Amount (USD)
$ 0.99 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.
Project Cost (USD)
$ 0.99 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 Oct 27, 2025

Disclosed by Bank Aug 1, 2025

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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 the Bank’s website, this project will establish a Peer Learning Platform to raise market awareness and build firm capacity to strengthen recruitment, promotion and retention of women in technical and trades positions and build safe and respectful workplaces for all. The platform will support companies to better access and retain key skills and improve workplace gender diversity and inclusion, thereby improving business outcomes.

The objective of this project is to support companies in Papua New Guinea (PNG) in the construction and resource extraction industries to improve workplace gender diversity and inclusion and thereby secure business benefits from improved policies and practices. This will be achieved through two inter-related actions for the establishment of a Centre for Women in Trades (CWT): (i) establish a Peer Learning Platform for Women in Trades to build market awareness on attracting women into trades jobs and (ii) working with Rhodes PNG to identify an operator of the CWT. By the end of project implementation, it is expected that the project will have achieved the following results: • 5 companies will fulfill at least one gender-inclusive commitment, and at least 2 of them will report improved performance due to the implementation of the gender-inclusive commitments/recommendations. • At least 500 employees of PNG businesses participating in the PLP platform will have benefited from improved gender practices/policies due to the commitments fulfilled by their employers.

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

Estimated Total Budget: $991,000.00 (Project budget includes all project-funded activities)


Contact Information
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No contacts available at the time of disclosure.

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How it works