Youth employment impact bond

Location:

West Bank and Gaza

Project number:

50119

Business sector:

Manufacturing and Services

Notice type:

Private

Environmental category:

FI

Approval date:

14 Nov 2018

Status:

Disbursing

PSD disclosed:

27 Sep 2018

Translated version of this PSD: Arabic

Project Description

Provision of up to USD 500,000 in a development impact bond designed to address the issue of high youth unemployment in the West Bank and Gaza. The commissioner of the project is the World Bank.

Project Objectives

The project will fund the delivery of a series of demand-driven and sector-specific professional trainings as well as on-the-job support to young Palestinians in order to facilitate their transition into sustainable employment.

Transition Impact

The project will promote skills and employability of young people in the West Bank & Gaza based on a demand driven approach and in partnership with the private sector. Additionally, the project will contribute to higher competitiveness of local employers through expanding their access to a talent pool with improved skills.

Client Information

The investment in the project will be through a local company to be established. The company will be managed by a locally-based team.

EBRD Finance Summary

The funding of the project of up to USD 500,000 will come from EBRD West Bank and Gaza Trust Fund.

Total Project Cost

USD 1,800,000.00

The project is targeting a total fundraising size of USD 1.8 million.

Environmental and Social Summary

Categorised FI (ESP 2014). A development impact bond of this nature will have positive social impacts and there are no environmental impacts which can be identified. The company through which the investment will be made will be required to comply with Performance Requirements 2 and 4 in the course of its activities and provide EBRD with annual reporting on compliance with those PRs.

Technical Cooperation

None.

Company Contact Information

Khadija Ait-Kadi
+44 (0) 207 338 6000
EBRD, One Exchange Square, London EC2A 2JN United Kingdom

Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

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