IMPROVING ECONOMIC OPPORTUNITIES FOR WOMEN AND YOUTH ENTREPRENEURS (WB-P162835)

Countries
  • Egypt
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
Active
Bank Risk Rating
U
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 10, 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
ARAB REPUBLIC OF EGYPT
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.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 200.00 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)
$ 200.00 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 Dec 4, 2018

Disclosed by Bank Jan 23, 2017


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Project Description

According to bank documents, the objective of the project would be to mitigate the negative impact of the economic reforms on the vulnerable population through

  1. enhancing the financing of youth, women and micro-entrepreneurs in lagging regions and
  2. strengthening of SFD efficiency and sustainability.

The proposed project would include two results areas:

  1. Results Area 1: the first results area would focus on increasing the number of new young and women micro-entrepreneurs in the lagging regions having access to financial services.
  2. Results Area 2: a second results area would focus on the modernization and transformation of SFD, mainly through improvement to its institutional and legal
    mandate, funding diversification (including from the private sector), operational efficiency (including enhanced targeting to micro-entrepreneurs), product development, and improved monitoring and evaluation systems.
Investment Description
  • World Bank (WB)
Contact Information

World Bank:
Contact: Karim Badr
Title: Financial Sector Economist
Tel: +201005778878
Email: kmohamed@worldbank.org

Implementing Agency:
Nevin Gamaie
General Secretary of the Social Fund for Development
Tel: +202 33364842

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.