Finance for Jobs II (WB-P159337)

Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
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
Jul 27, 2017
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
Ministry of Finance and Planning
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Project Cost (USD)
$ 9.50 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 @ WB website

Updated in EWS Aug 25, 2017

Disclosed by Bank Sep 21, 2016


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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.
The objective of the Second Finance for Jobs Project for West Bank and Gaza is to test the effectiveness of selected financial interventions in incentivizing private sector investment and job creation. There are four components to the project, the first component being Development Impact Bond (DIB) for Skills Development and Employment. The DIB will focus on enhancing the skills of the Palestinian workforce in a more market-driven way to foster improved job outcomes. The DIB will target an estimated cohort of approximately 2,000 beneficiaries (depending on final DIB design) aged 18–29 years (including at least 30 percent women). It will finance the training, job search, and placement services provided to beneficiaries, depending on private sector demand. Specific outputs and outcomes will include the completion of beneficiaries’ training, their placement into an apprenticeship/internship/work-based training scheme, and their ultimate employment. The second component is the investment co-financing facility. This component entails providing a risk-sharing grant in support of commercially sound, job-creating private sector investments (ICF subprojects) through an investment co-financing facility instrument. Under this component, private sector investors will be encouraged to submit investment proposals for ICF support. The third component is the entrepreneurship ecosystem matching grants. This component entails provision of matching grants to beneficiaries to build their business development capacity and their business advisory capacity.
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.
DAI Global, LLC Said Abu Hijleh Country Director Said_AbuHijleh@dai.com ACCOUNTABILITY MECHANISM OF WORLD BANK The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.

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How it works