Public Disclosure Copy 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 & Markets Global Practice | Special Financing | Investment Project Financing | FY 2016 | Seq No: 3 | ARCHIVED on 09-Jun-2017 | ISR28056 | Implementing Agencies: Development Alternatives, Inc., Ministry of Finance and Planning, Palestinian National Authority Key Dates Key Project Dates Bank Approval Date:18-Dec-2015 Effectiveness Date:30-Nov-2016 Planned Mid Term Review Date:01-May-2018 Actual Mid-Term Review Date:-- Original Closing Date:31-Jan-2021 Revised Closing Date:31-Jan-2021 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 PHRPDODEL Components Name Entrepreneurship Ecosystem Matching Grant:(Cost $1.60 M) Capacity Building and Lessons Learned:(Cost $2.17 M) Project Management Component:(Cost $0.70 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO  Moderately Satisfactory  Moderately Satisfactory Overall Implementation Progress (IP)  Moderately Satisfactory  Moderately Satisfactory Overall Risk Rating  High  High 6/9/2017 Page 1 of 6 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report West Bank and Gaza: Finance for Jobs (P151089) Implementation Status and Key Decisions Since the last reporting period, the project was made effective due to the signing of the Implementation Agreement between the MOFP and PIA. The PIA has since been fully staffed with formal office space secured. Project manuals (financial, procurement. HR, and entrepreneurship-ecosystem matching grant) have been drafted, along with the 2017 work plan. The Entrepreneurship Ecosystem Matching Grant (EE-MG) is the primary financing instrument tested under this project, and the PIA has progressed in launching the EE-MG by drafting its operation manual, conducting outreach to possible EE-MG recipients, drafting a Request for Proposals (RFP), and releasing the RFP to prospective applicants. Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance  High  High  High Macroeconomic  Substantial  Substantial  High Sector Strategies and Policies  Substantial  Substantial  Substantial Technical Design of Project or Program  High  High  Substantial Institutional Capacity for Implementation and Sustainability  Substantial  Substantial  Substantial Fiduciary  Substantial  Substantial  Substantial Environment and Social  Moderate  Moderate  Moderate Stakeholders  Low  Low  Substantial Other  --  --  -- Overall  High  High  High Results Project Development Objective Indicators PHINDPDOTBL  Private Capital Mobilized (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 6,000,000.00 Date 31-Jan-2016 -- 28-Apr-2017 31-Jan-2021 6/9/2017 Page 2 of 6 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report West Bank and Gaza: Finance for Jobs (P151089) PHINDPDOTBL  Number of Feasibility Studies Completed for Job-Focused Private Investments Pipeline (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 5.00 Date 31-Jan-2016 -- 28-Apr-2017 31-Jan-2021 PHINDPDOTBL  DIB Taken to Market (Structuring of SPV) (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value N -- N Y Date 31-Jan-2016 -- 28-Apr-2017 31-Dec-2016 Overall Comments Intermediate Results Indicators PHINDIRITBL  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 -- 0.00 15.00 Date 30-Nov-2016 -- 28-Apr-2017 31-Jan-2021 6/9/2017 Page 3 of 6 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report West Bank and Gaza: Finance for Jobs (P151089) PHINDIRITBL  Citizen Engagement: Beneficiaries that feel project investment reflected their needs (%) (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 85.00 Date 30-Nov-2016 -- 28-Apr-2017 31-Jan-2021 PHINDIRITBL  Legal formation of the DIB SPV (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value N -- N Y Date 30-Nov-2016 -- 28-Apr-2017 30-Jun-2017 PHINDIRITBL  Number of Briefs/Reports Produced on Lessons Learned from the Project (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 4.00 Date 30-Nov-2016 -- 28-Apr-2017 31-Jan-2021 PHINDIRITBL  Number of PA Staff Trained (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 4.00 Date 30-Nov-2016 -- 28-Apr-2017 31-Jan-2021 Overall Comments 6/9/2017 Page 4 of 6 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report West Bank and Gaza: Finance for Jobs (P151089) 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 0.57 4.43 11% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P151089 TF-A1490 Effective 10-Mar-2016 10-Mar-2016 30-Nov-2016 31-Jan-2021 31-Jan-2021 Cumulative Disbursements Restructuring History There has been no restructuring to date. Related Project(s) 6/9/2017 Page 5 of 6 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report West Bank and Gaza: Finance for Jobs (P151089) There are no related projects. 6/9/2017 Page 6 of 6 Public Disclosure Copy