Technology for Jobs (WB-P172571)

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
Proposed
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
Mar 27, 2020
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 Palestine; Ministry of Telecommunications and Information Technology
The holder of the loan, grant, or other investment.
Sectors
  • Communications
  • Law and Government
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services
The categories of the bank investment: loan, grant, etc.
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 Jan 10, 2020

Disclosed by Bank Nov 29, 2019


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Project Description

According to bank documents, the project objective is to increase economic opportunities in IT services by improving firm capabilities and developing a supportive ecosystem. The project aims to shift the dynamic equilibrium of the Palestinian IT sector towards one of continuous upgrading of firm capabilities and employment growth. It will do so by strengthening the supply of firm capabilities, demand from buyers and investors, and by stimulating the absorption of knowledge in the ecosystem.

Project components include:

  1. Improving the capabilities of IT service companies
  2. Increasing global demand and investments in the IT services sector
  3. Strengthening coordination in the ecosystem
  4. Project management and monitoring
Investment Description
  • World Bank (WB)
Contact Information

World Bank:
Mirela-Iulia Cojocaru, Jean-Louis Charles Racine
Senior Private Sector Specialist

Borrower:
Ministry of Telecommunications and Information Technology
Jamil Zagharneh Zagharneh
Deputy Minister
deputyminister@mtit.gov.ps

Implementing Agencies:
Ministry of Telecommunications and Information Technology
Jamil Zagharneh
Deputy Minister
deputyminister@mtit.gov.ps 

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.