Promoting Youth Employment in Comoros (WB-P156195)

Countries
  • Comoros
Where the impacts of the investment may be experienced.
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
Proposed
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
Apr 29, 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
Ministry of Finance, Economy, Investment, and Commerce - Comoros
The holder of the loan, grant, or other investment.
Sectors
  • Technical Cooperation
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)
$ 3.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 3.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ WB website

Updated in EWS Aug 14, 2017

Disclosed by Bank Oct 7, 2015


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Project Description
The project provides funding with the intention of targeting 4000 18-30 year olds, aiming to provide them with skills to help them gain employment. Specifically, the project aims to provide skills in the areas of construction, tourism, and agriculture.
Investment Description
  • World Bank (WB)
Contact Information
Contact: Andrea Vermehren Title: Lead Social Protection Special Tel: 458-0657 Email: avermehren@worldbank.org Borrower/Client/Recipient Name: Ministry of Finance, Economy, Investment, and Commerce Contact: Mohamed Ali Soilihi Title: Minister Tel: 269 773 99 00 Email: moinacharani@yahoo.fr; Implementing Agencies Name: Fonds d'Appui au Deloppement Communautaire (FADC) Contact: Doulfat Kamal Title: DG Tel: 002697732882 Email: fadc@comorestelecom.km 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.