Innovative Private Sector Development (WB-P164412)

Countries
  • Palestine, West Bank, Gaza
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
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
Jun 1, 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
Ministry of Finance, Palestinian Authority
The holder of the loan, grant, or other investment.
Sectors
  • Finance
  • Technical Cooperation
The service or industry focus of the investment. A project can have several sectors.
Project Cost (USD)
$ 13.00 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 11, 2018

Disclosed by Bank Mar 17, 2018


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

Project Description

The objective of the project is to improve economic opportunities for individuals and firms in the West Bank and Gaza. This project has three components.

  1. Entrepreneurship Ecosystem Development - has the following four activities:
    1. improving market linkages to Arab communities in regional entrepreneurship ecosystems;
    2. developing a dynamic startup finance ecosystem with a core focus on organized angel investing;
    3. new automated company registration system; and (iv) Developing home-based businesses framework.
  2. Building an Outsourcing Hub in Gaza - aims to develop the outsourcing model and piloting expansion of an existing organization in Gaza.
  3. Project Management - aims to be responsible for the day-to-day administration of the overall project planning, coordination, and technical and fiduciary supervision.
Investment Description
  • World Bank (WB)
Contact Information

Borrower:
Ministry of Finance, Palestinian Authority


Implementing Agency:
To be determined after competitive selection by the Ministry of National Economy

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.