The World Bank Implementation Status & Results Report West Bank and Gaza: Finance for Jobs (P151089) West Bank and Gaza: Finance for Jobs (P151089) MIDDLE EAST AND NORTH AFRICA | West Bank and Gaza | Finance, Competitiveness and Innovation Global Practice | Special Financing | Investment Project Financing | FY 2016 | Seq No: 12 | ARCHIVED on 29-Sep-2021 | ISR48202 | Implementing Agencies: Project Implementation Agency (DAI), Ministry of Finance, The Palestinian Liberation Organization (for the Benefit of the Palestinian Authority) Key Dates Key Project Dates Bank Approval Date: 18-Dec-2015 Effectiveness Date: 30-Nov-2016 Planned Mid Term Review Date: 26-Nov-2018 Actual Mid-Term Review Date: 25-Oct-2018 Original Closing Date: 31-Jan-2021 Revised Closing Date: 31-Jan-2022 pdoTable Project Development Objectives Project Development Objective (from Project Appraisal Document) The SOP development objective (PDO) is to mobilize private investment financing in high potential sectors and generate job opportunities for the West Bank and Gaza. The F4J PDO is to test the effectiveness of selected financial interventions. Has the Project Development Objective been changed since Board Approval of the Project Objective? No Components Table Name Entrepreneurship Ecosystem Matching Grant:(Cost $1.20 M) Capacity Building and Lessons Learned:(Cost $2.20 M) Project Management Component:(Cost $1.60 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO Satisfactory Satisfactory Overall Implementation Progress (IP) Satisfactory Satisfactory Overall Risk Rating Moderate Moderate Implementation Status and Key Decisions 9/29/2021 Page 1 of 5 The World Bank Implementation Status & Results Report West Bank and Gaza: Finance for Jobs (P151089) The Finance for Jobs I (F4J I) Project has met and/or exceeded all of its PDO-level and intermediate results targets and virtually all funding has been disbursed. The expected closing date of the Project is January 2022 and a further extension is not anticipated. The task team and government has initiated the Implementation Completion Results Report and are monitoring remaining results. Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance High Substantial Substantial Macroeconomic Substantial Substantial Substantial Sector Strategies and Policies Substantial Moderate Moderate Technical Design of Project or Program High Low Low Institutional Capacity for Implementation and Substantial Low Low Sustainability Fiduciary Substantial Substantial Substantial Environment and Social Moderate Low Low Stakeholders Low Moderate Moderate Other -- -- -- Overall High Moderate Moderate Results PDO Indicators by Objectives / Outcomes The F4J PDO is to test the effectiveness of selected financial interventions IN01038063 ►Private Capital Mobilized (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 6,378,751.00 7,453,751.00 6,000,000.00 Date 31-Jan-2016 17-Mar-2021 30-Jun-2021 31-Jan-2022 IN01038064 ►Number of Feasibility Studies Completed for Job-Focused Private Investments Pipeline (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 7.00 7.00 5.00 9/29/2021 Page 2 of 5 The World Bank Implementation Status & Results Report West Bank and Gaza: Finance for Jobs (P151089) Date 31-Jan-2016 17-Mar-2021 13-Sep-2021 31-Jan-2022 IN01038065 ►DIB Taken to Market (Structuring of SPV) (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No Yes Yes Yes Date 31-Jan-2016 17-Mar-2021 13-Sep-2021 31-Jan-2022 Overall Comments PDO As of the previous PSR all PDO level indicators have been achieved. During this reporting period an additional USD 690,000 in private capital was mobilized bringing the overall indicator to USD 7,453,751. Intermediate Results Indicators by Components Entrepreneurship Ecosystem Matching Grant IN01038066 ►Citizen Engagement: Beneficiaries that feel project investment reflected their needs (%) (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 88.00 88.00 85.00 Date 30-Nov-2016 17-Mar-2021 13-Sep-2021 31-Jan-2022 The EE-MG beneficiaries have expressed on several occasions that the business development services (BDS) funded by F4J are very relevant to their needs. The BDS design and identification were demand Comments: driven and developed based on their needs. IN01038068 ►Number of Investment-Ready Entrepreneurship Initiatives in the Pipeline for the EE-MG (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 25.00 26.00 15.00 Date 30-Nov-2016 17-Mar-2021 30-Jun-2021 31-Jan-2022 IN01038070 ►Number of firms provided with working capital/COVID response bridge grants (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 27.00 27.00 10.00 Date 30-Sep-2020 17-Mar-2021 13-Sep-2021 31-Jan-2022 9/29/2021 Page 3 of 5 The World Bank Implementation Status & Results Report West Bank and Gaza: Finance for Jobs (P151089) Capacity Building and Lessons Learned IN01038067 ►Number of PA Staff Trained (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 8.00 8.00 4.00 Date 30-Nov-2016 17-Mar-2021 13-Sep-2021 31-Jan-2022 MoF and PIA staff participated in trainings agreed as part of the capacity building plan in 2019. Comments: Furthermore two trainees are continuing on their on-the-job training. IN01038069 ►Legal formation of the DIB SPV (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No Yes Yes Yes Date 30-Nov-2016 17-Mar-2021 13-Sep-2021 31-Jan-2022 The DIB vehicle has been legally registered during the previous reporting period. Comments: IN01038071 ►Number of Briefs/Reports Produced on Lessons Learned from the Project (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 4.00 4.00 4.00 Date 30-Nov-2016 17-Mar-2021 13-Sep-2021 31-Jan-2022 The end target was erroneously revised upward to five lessons learned briefs in the June 2019 ISR. The end target has been corrected to four lessons learned briefs/reports in line with the original target in the Comments: PAD. Performance-Based Conditions Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P151089 TF-A1490 Effective USD 5.00 5.00 0.00 4.98 0.02 100% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date 9/29/2021 Page 4 of 5 The World Bank Implementation Status & Results Report West Bank and Gaza: Finance for Jobs (P151089) P151089 TF-A1490 Effective 10-Mar-2016 10-Mar-2016 30-Nov-2016 31-Jan-2021 31-Jan-2022 Cumulative Disbursements PBC Disbursement Achievement Disbursed amount in Disbursement % PBC ID PBC Type Description Coc PBC Amount Status Coc for PBC Restructuring History Level 2 Approved on 28-Jun-2017 ,Level 2 Approved on 11-Nov-2020 Related Project(s) There are no related projects. 9/29/2021 Page 5 of 5