Social Protection and Skills Development Project (WB-P163088)

Countries
  • Sao Tome and Principe
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
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
Sep 27, 2018
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
Democratic Republic of Sao Tome and Principe
The holder of the loan, grant, or other investment.
Sectors
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 10.00 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)
$ 10.00 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 Oct 10, 2018

Disclosed by Bank Jun 20, 2018


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

Project Description

The development objective of Social Protection and Skills Development Project for São Tomé and Príncipe (STP) is to support the development of an effective national safety net system for poor households and inclusive and labor market relevant skills development programs. The first component, Institutional and Capacity Strengthening, aims to strengthen the capacity of ministerial staff and institutions responsible for activities in the social protection and skills development sectors. The second component, Vulnerable Families Program Conditional Cash Transfer, aims to increase income and consumption of poor households participating in the Vulnerable Families Program (VFP) in STP, through the provision of regular cash transfers and accompanying measures including a PEP and skills training opportunities under the project. The third component, Employability of TVET graduates and youth, aims to support the development and delivery of quality training programs in STP, with a specific emphasis on skills development needs in the Tourism sector and developing entrepreneurial skills. The fourth component, Project Implementation Support, aims to directly finance the costs associated with the fiduciary management of the project and the staff required to oversee coordination across ministries and project Monitoring

Investment Description
  • World Bank (WB)
Contact Information
Ministry of Labor and Social Affairs
Vilma Loureiro
Director of Cooperation
dpss.meas@gmail.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.