Creating Economic Opportunities - Lebanon National Jobs Program (WB-P163576)

Countries
  • Lebanon
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
Approved
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
Jun 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
Government of Lebanon
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)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 329.90 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)
$ 695.00 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 Jul 10, 2018

Disclosed by Bank Aug 21, 2017


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Project Description

The objective of the project is to improve economic opportunities for targeted beneficiaries in Lebanon. The crisis in Syria has contributed to a sharp slowdown in Lebanon’s economy, aggravated the existing jobs crisis, and raised social tensions. The refugee crisis is also exacerbating climate vulnerabilities, raising risks for low income, rural households in lagging regions. In this context, the government of Lebanon has developed a National Jobs Program (NJP), to complement the Capital Investment Plan, as central pillars of the reform and investment program presented at the 2018 Paris investor conference. The program supports implementation of the government’s NJP has three results area as follows:

  1. Enhancing the Environment for Private Investment;
  2. Catalyzing Job Creation through Trade and Investment in Lagging Regions; and
  3. Connecting Women and Youth to Jobs.
Investment Description
  • World Bank (WB)
Contact Information

Borrower:
Contact: Alain Bifani
Title: Director General of the Ministry of Finance


Implementing Agency:
Name of Agency/ies: Ministry of Finance
Contact: Alain Bifani
Title: Director General of the Ministry of Finance

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.