Rapid Employment Project Additional Financing (WB-P160738)

Countries
  • Solomon Islands
Where the impacts of the investment may be experienced.
Specific Location
Honiara
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
  • 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
Nov 18, 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 AND TREASURY
The holder of the loan, grant, or other investment.
Sectors
  • Infrastructure
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)
$ 1.90 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)
$ 1.90 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 2, 2017

Disclosed by Bank Oct 3, 2016


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Project Description
The objective of the Rapid Employment Project for Solomon Islands was to assist targeted vulnerable urban populations in the Recipient’s territory to: (i) increase their incomes through the provision of short term employment; and (ii) improve their knowledge, experience and basic employment skills that are valued in the workplace and society. The Additional Financing (AF), which will be the Second Additional IDA Grant, will be used to support an ongoing, well-performing project. It will support the continuation of project activities for a further 24 months, scale up certain components of the project, and help to improve its overall development effectiveness and the sustainability of project impacts. The AF will help to scale up the project’s components one and two, which will help to improve developmental effectiveness and sustainability. Specifically, the AF will generate additional short-term employment and extend mentoring and referral services for job seekers and vulnerable urban groups, including women and youth; and maintain improved public service provision and access to services and markets through the rehabilitation of tertiary roads. In addition, and in accordance with the existing Project Development Objective (PDO), the AF will provide a small amount of financing to facilitate preparatory activities, including carrying out pilot activities in Guadalcanal, which will help to generate lessons on the provision of urban services and labor -intensive sub-projects in a low capacity environment with community participation, and to support preparatory work for such pilot activities in one other high growth urban location outside of Honiara. The information and experience is expected to inform the preparation of a REP Phase II operation, currently under discussion with the SIG.
Investment Description
  • World Bank (WB)
Contact Information
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.