| Financier | Commitments |
|---|---|
| Borrower/Recipient | 165.00 |
| International Bank for Reconstruction and Development | 329.90 |
| Concessional Financing Facility | 70.10 |
Creating Economic Opportunities - Lebanon National Jobs Program
Abstract*
The development objective of Creating Economic Opportunities in Support of the Lebanon National Jobs Program-for-Results Project is to improve economic opportunities for targeted beneficiaries in Lebanon. The crisis in Syria has contributed to a sharp slowdown in Lebanon’s economy, aggravated the existing jobs crisis, and raised social tensions. The refugee crisis is also exacerbating climate vulnerabilities, raising risks for low income, rural households... Show More
Development Objective
The Program Development Objective (PDO) is to improve economic opportunities for Targeted Beneficiariesin Lebanon.
To achieve this objective an integrated approach is used, leveraging synergies across the Results Areas. Implementation of key policies in Results Area 1 unlocks opportunities for job-creating investments through the demand-side interventions in Results Area 2. These demand-side interventions create economic opportunities for Targeted Beneficiaries of the supply-side interventions in Results Area 3 (and these beneficiaries can contribute to productive investments in Results Area 2).
Key Details
Project Details
P163576
Closed
Peter Mousley , Haneen Ismail Sayed, Thomas Farole
Ministry of Finance
September 15, 2017
(as of board presentation)
June 27, 2018
N/A
US$ 695.00 million
Higher council of Customs,High Council for Privatization and PPP,Tripoli Special Economic Zone,Ministry of Economy and Trade,National Employment Office,Ministry of Telecommunication,Ministry of Labor,Presidency of Council of Ministers
2018
US$ 400.00 million
N/A
June 12, 2024
June 28, 2019
BANK APPROVED
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | 329.90 |
| IDA Commitment | N/A |
| IBRD + IDA Commitment | 329.90 |
| Lending Instrument | |
|---|---|
| Grant Amount | 70.10 |
| Total Project Cost** | 695.00 |
Summary Status of World Bank Financing (US$ Millions) as of February 28, 2025
No data available.
| Period | Financier | Transaction Type | Amount (US$) |
|---|---|---|---|
| Jun 28, 2019 | IBRD-88930 | Loan Cancel | 329,900,000.00 |
| Jun 27, 2018 | IBRD-88930 | Loan Commitment | 329,900,000.00 |
Ratings
IMPLEMENTATION RATINGS
| Name | Review | Date |
|---|---|---|
| Progress towards achievement of PDO | Satisfactory | 2019-01-21 |
| Overall Implementation Progress (IP) | Moderately Satisfactory | 2019-01-21 |
| Monitoring and Evaluation | Satisfactory | 2019-01-21 |
COMPLETION RATINGS
No data available.
INDEPENDENT EVALUATION RATINGS
No data available.
Results Framework
PROJECT DEVELOPMENT OBJECTIVE INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Private capital mobilized Value 0.00 0.00 445000000.00 Date June 29, 2018 November 15, 2018 December 29, 2023 Comment FTE direct jobs created Value 0.00 0.00 3300.00 Date June 29, 2018 November 15, 2018 December 29, 2023 Comment Supported beneficiaries with wage employment Value 0.00 0.00 8000.00 Date June 29, 2018 November 15, 2018 December 29, 2023 Comment
INTERMEDIATE RESULTS INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Professional staff (non-adminstrative) recruited in HCP Value 4.00 6.00 20.00 Date June 29, 2018 November 15, 2018 December 29, 2023 Comment Amount of new private investment in fiber-optics (FTTH) Value 0.00 0.00 70000000.00 Date June 29, 2018 November 15, 2018 December 29, 2023 Comment Additional Private investment in businesses receiving entrepreneurship grants Value 0.00 0.00 2000000.00 Date June 29, 2018 November 15, 2018 December 29, 2023 Comment Private investment comitted to PPP projects through signed contracts in accordance with PPP law Value 0.00 0.00 300000000.00 Date June 29, 2018 November 15, 2018 December 29, 2023 Comment TSEZ masterplan Approved Value No No Yes Date June 29, 2018 November 15, 2018 December 29, 2023 Comment Number of FTE direct jobs among businesses benefiting from the entrepreneurship fund, including self-employment Value 0.00 0.00 300.00 Date June 29, 2018 November 15, 2018 December 29, 2023 Comment Number of new GoL agencies connected to customs system Value 1.00 1.00 13.00 Date June 29, 2018 November 15, 2018 December 29, 2023 Comment Private Investment in the TSEZ Value 0.00 0.00 70000000.00 Date June 29, 2018 November 15, 2018 December 29, 2023 Comment Number of Entrepreneurs with business plans supported by the Entrepreneurship Fund Value 0.00 0.00 1500.00 Date June 29, 2018 November 15, 2018 December 29, 2023 Comment Approval of a risk management strategy by HCC Value No No Yes Date June 29, 2018 November 15, 2018 December 29, 2023 Comment Private investment generated from beneficiariees under the matching grant program Value 0.00 0.00 22000000.00 Date June 29, 2018 November 15, 2018 December 29, 2023 Comment Number of Lebanese youth receiving ALMP serivces Value 0.00 0.00 12000.00 Date June 29, 2018 November 15, 2018 December 29, 2023 Comment Number of additional FTE direct jobs among firms located in TSEZ Value 0.00 0.00 2000.00 Date June 29, 2018 November 15, 2018 December 29, 2023 Comment Number of refugees receiving vocational training in accordance with Lebanese laws and regualtions Value 0.00 0.00 7000.00 Date June 29, 2018 November 15, 2018 December 29, 2023 Comment Number of additional FTE direct jobs among beneficiaries from the matching grant fund Value 0.00 0.00 1000.00 Date June 29, 2018 November 15, 2018 December 29, 2023 Comment Number of Lebanese Targeted Beneficiraries who remain emloyed in a job at the 12th month of the subsidy period Value 0.00 0.00 7000.00 Date June 29, 2018 November 15, 2018 December 29, 2023 Comment Construction labor days in TSEZ for Syrian Refugees Value 0.00 0.00 225000.00 Date June 29, 2018 November 15, 2018 December 29, 2023 Comment Advocacy unit at OMSWA established and operational Value No unit available No unit available Unit established & operational Date June 29, 2018 November 15, 2018 December 29, 2023 Comment Funds disbursed under the matching grant fund to slected beneficiaries Value 0.00 0.00 18500000.00 Date June 29, 2018 November 15, 2018 December 29, 2023 Comment