Youth Entrepreneurship Program (YEP) - Argentina (IADB-AR-M1072)

Countries
  • Argentina
Where the impacts of the investment may be experienced.
Specific Location
Buenos Aires
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • Inter-American Development Bank (IADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
C
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
May 12, 2016
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Government of Argentina
The holder of the loan, grant, or other investment.
Sectors
  • Education and Health
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 0.52 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported 0.52
Converted using 2016-10-05 exchange rate.
Project Cost (USD)
$ 1.94 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported USD 1,938,691
Converted using 2016-10-05 exchange rate.
Primary Source

Original disclosure @ IADB website

Updated in EWS Aug 11, 2017

Disclosed by Bank Oct 5, 2016


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Project Description
This program seeks to increase the number of unemployed, underemployed, or in vulnerable employment youth (18-29 years old) in the city of Buenos Aires, Argentina that successfully starts or grow their businesses. The specific objective of this project is to improve the entrepreneurial capabilities of low income youth in the city of Buenos Aires and its outlying areas through access to training and mentoring. Mentoring consists of a personalised support methodology in which an individual with expert knowledge (in this case, a professional with entrepreneurial knowhow or experience running a business) helps a less-experienced individual (i.e. a young person taking the first steps as an entrepreneur) to build up his or her skills and competencies, laying the foundation for his or her personal and professional development. The project aims to directly benefit 1,205 youth: (i) a total of 825 young people will benefit from training workshops and networking events, 550 of whom— divided equally among men and women—will receive mentoring support; and (ii) 380 young people will be trained in preparing business plans. The expected impact of improving the entrepreneurial capabilities of these young people is an increase in their business startup and survival rates one year after the completion of mentoring.
Investment Description
  • Inter-American Development Bank (IADB)
Contact Information
ACCOUNTABILITY MECHANISM OF IADB The Independent Consultation and Investigation Mechanism (MICI) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an Inter-American Development Bank (IDB) or Inter-American Investment Corporation (IIC)-funded project. If you submit a complaint to MICI, they may assist you in addressing the problems you raised through a dispute-resolution process with those implementing the project and/or through an investigation to assess whether the IDB or IIC is following its own policies for preventing or mitigating harm to people or the environment. You can submit a complaint by sending an email to MICI@iadb.org. You can learn more about the MICI and how to file a complaint at http://www.iadb.org/en/mici/mici,1752.html (in English) or http://www.iadb.org/es/mici/mici,1752.html (Spanish).