Early Warning System

Regions

Africa

Geographic location where the impacts of the investment may be experienced.

Countries

Ivory Coast

Geographic location where the impacts of the investment may be experienced.

Financial Institutions

African Development Bank (AFDB)

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

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

Dec 17, 2024

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

Government of Ivory Coast - Ministry of Technical Education, Vocational Training and Apprenticeship

A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.

Sectors

Industry and Trade
Law and Government

The service or industry focus of the investment. A project can have several sectors.

Investment Type(s)

Loan

The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.

Investment Amount (USD)

$ 148.22 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)

$ 199.68 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.

Bank Documents

Primary Source

Original disclosure @ AFDB website

Updated in EWS Jun 6, 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, PACE contributes to the development of employability, productivity, entrepreneurship and the creation of decent jobs for young people and women. Specifically, this project aims to match training and employment in order to increase the rate of socio-professional integration of young people. It also aims to encourage young people to set up viable businesses, to stimulate the development of MSMEs in particular, and of the private sector in general, in order to boost the demand for jobs on the market.

The Bank's intervention will help the country meet all these challenges by equipping young people with the skills required by the productive private sector. The project will support them in their entrepreneurial journey or socio-professional integration, through targeted investments in the development of skills, employability, entrepreneurship, including access to financial and non-financial services, the development of MSMEs and the private sector in general.

The final beneficiaries of the project are young women and men aged 18 to 35, in accordance with the African Youth Charter and the national youth policy. Among them, 18,822 young direct beneficiaries, 50% of whom are women, and 3 to 5% of whom are people with disabilities, will be trained and supported as part of this project. 6,192 of them will be supported in their path to professional integration through employment, and 10,630 will be supported in their entrepreneurial path aimed at creating as many viable micro, small and medium enterprises. In total, the project will support the creation of 43,216 direct jobs and 153,094 indirect jobs by 2030, with a target of 50% women. In addition, the project will finance the training, including internships in companies, of more than 214 trainers and teachers, and will provide multifaceted support to a dozen Organizations for the Support of Entrepreneurship (OSE), with a view to strengthening the ecosystem.

Early Warning System Project Analysis

For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

Environmental Category: [1] High Risk

Investment Description

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

African Development Bank (AFDB)

Finance Type: Standard grant
Commitments (UA): 111,466,862
Conversion Rate USD (2024-12-17): 1,32974

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.

Francois Xavier DOCGNE WONGUE
Youth Entrepreneurship & Finance, AHHD
African Development Bank
f.docgnewongue@afdb.org
www.afdb.org