Djibouti Support for Women and Youth Entrepreneurship (WB-P165558)

Countries
  • Djibouti
Geographic location 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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
C
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Jun 8, 2018
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Republic of Djibouti - Ministry of Economy and Finance, in Charge of Industry
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 15.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 15.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ WB website

Updated in EWS Feb 28, 2019

Disclosed by Bank Mar 4, 2018

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

The objective of the Support for Women and Youth Entrepreneurship Project for Djibouti is to improve economic opportunities for targeted entrepreneurs. The project has three components. 1. Building capacity of women and young entrepreneurs component will improve access to: (i) skills and business development trainings (by scaling and expanding the scope of the existing PROPEJA project), (ii) small-scale financing, and (iii) information and resources for entrepreneurs. 2. Improving access to services, finance, and competitive value chains for women and young entrepreneurs component will improve access to services and finance for women and young entrepreneurs through the improvement and expansion of ecosystem provider capacity, and through the activation of the PCG Fund and reinforcement of the CPEC microfinance network. The component will also provide technical assistance to help identify and develop competitive sectors and value chains and enable enterprises to better meet the needs of these new dynamic sectors. 3. Support for Project Implementation and Monitoring component will finance technical assistance, equipment, training and operating costs for the Center for Leadership and Entrepreneurship (CLE’s) team so that it can operate the following PIU functions: (a) institution building, (ii) project implementation, (iii) project monitoring, and (iv) and evaluation. This component will also support the CLE in the areas of accounting, budget management, procurement, and overall administrative functions.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.
Centre d'Entrepreneuriat et Leadership
Simane Ali Barreh
Project Coordinator
simane_ali@hotmail.fr

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.

How it works

How it works