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
Bank Risk Rating
B
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
Jul 27, 2017
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 and Planning
The holder of the loan, grant, or other investment.
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, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ WB website

Updated in EWS Aug 25, 2017

Disclosed by Bank Sep 21, 2016


Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project 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
  • World Bank (WB)
Contact Information
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.