Sudan Women and Youth Entrepreneurship (SWAYE) (WB-P176998)

Countries
  • Sudan
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
Proposed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
A
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
Mar 31, 2022
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
Government of Sudan
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Finance
  • Law and Government
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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 100.00 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)
$ 125.00 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 Jun 20, 2022

Disclosed by Bank Jun 10, 2021

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

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.

According to bank documents, the project objective is to increase entrepreneurship and access to finance for MSMEs, focusing on women and youth owned/managed MSMEs.

  1. Component 1: Improving the enabling environment for MSMEs and Entrepreneurship. This component aims to address key institutional, policy, regulatory and technical bottlenecks that hamper the development of MSMEs and entrepreneurial ventures owned by women and youth. This will include:

    1. Strengthening Institutional, Legal and Regulatory Framework

    2. Targeted technical assistance/capacity building at relevant institutions key to driving the MSME agenda

    3. Enhancing payment systems and market infrastructure

    4. Capital Markets Development

  2. Component 2: Access to finance for MSMEs and startups. This component aims to increase access to affordable finance for women and youth owned/managed MSMEs and startups, through liquidity support, risk sharing and technical assistance.

  3. Component 3: Enhancing the capabilities of women and youth owned MSMEs and startups. This component aims to develop entrepreneurial skills, improve MSMEs capabilities to grow, and ultimately enhance the overall competitiveness of MSMEs through Business Development Services (BDS), with a particular focus on women and youth owned/managed MSMEs.

  4. Component 4: Project Management and Coordination. This component will finance support for project implementation.

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.

World Bank:
Uloaku Oyewole, Asta Bareisaite
Financial Sector Specialist

Borrower:
Ministry of Finance, Economy and Planning

Implementing Agency:
Ministry of Investment
Elhadi Mohamed Ibrahim
Minister
elhadiibrahim55@gmail.com 

ACCESS TO INFORMATION

To submit an information request for project information, you will have to create an account to access the Access to Information request form. You can learn more about this process at: https://www.worldbank.org/en/access-to-information/request-submission 

ACCOUNTABILITY MECHANISM OF THE 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. Information on how to file a complaint and a complaint request form are available at: https://www.inspectionpanel.org/how-to-file-complaint 

How it works

How it works