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
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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
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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.
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Public Disclosure Copy