Catalyzing Entrepreneurship for Job Creation

Abstract*

The development objective of the Catalyzing Entrepreneurship for Job Creation Project for Egypt is to foster job creation and improve other economic opportunities for targeted beneficiaries. The project comprises of three components. The first component, financial support to micro, small, and medium enterprises (MSMEs) objective is to address access to finance gaps among MSMEs in Egypt and encourage greater private sector participation in the MSME... Show More

Development Objective

The project development objective is to foster job creation and improve other economic opportunities for targeted beneficiaries

Key Details

Project Details

Project ID
P162835
Status
Active
Team Leader
Laila Ahmed , Ellen Olafsen
Borrower 2
Arab Republic of Egypt

Country
Egypt, Arab Republic of
Disclosure Date
November 20, 2018
Approval Date
(as of board presentation)
April 17, 2019
Effective Date
January 15, 2020

Total Project Cost 1
US$ 200.00 million
Implementing Agency
Micro, Small, Medium Enterprise Development Agency - MSMEDA
Region
Middle East and North Africa
Fiscal Year 3
2019

Commitment Amount
US$ 200.00 million
Environmental Category
F
Last Update Date
January 30, 2024
Closing Date
June 30, 2025

Consultant Services required
TBD
Last Stage Reached
BANK APPROVED

Notes
1. Total project cost includes funding from World Bank and non-bank sources in US$ millions. Active and Closed projects show current commitments. Proposed (pipeline) and dropped projects show the forecast amount. The commitment amount for projects in the pipeline is indicative and may be modified during the project preparation.
2. Borrower refers to the Borrower of a Loan or Recipient of a Grant.
3. ”Fiscal Year” is the fiscal year in which the project was approved (or dropped if the status is dropped). The World Bank's fiscal year is from July 1 - June 30. For example, a fiscal year of 1996 corresponds to July 1, 1995 - June 30, 1996.

Sectors

Themes

FY17 - Environment and Natural Resource Management

FY17 - Climate change3%
- FY17 - Mitigation3%

FY17 - Finance

FY17 - Finance for Development26%
- FY17 - Infrastructure Finance26%
FY17 - Financial Infrastructure and Access76%
- FY17 - MSME Finance76%

FY17 - Human Development and Gender

FY17 - Gender76%

FY17 - Private Sector Development

FY17 - Enterprise Development100%
- FY17 - Entrepreneurship100%
- FY17 - MSME Development26%
FY17 - Jobs100%
- FY17 - Job Creation100%
- FY17 - Youth Employment100%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
International Bank for Reconstruction and Development	200.00

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	200.00
IDA Commitment	N/A
IBRD + IDA Commitment	200.00

Lending Instrument
Grant Amount	N/A
Total Project Cost**	200.00

Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025

No data available.

Detailed Financial Activity as of March 31, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
May 15, 2023	IBRD-89510	Int Charges	4,691,409.50
Sep 21, 2022	IBRD-89510	Loan Disb	10,135,721.00
Nov 15, 2022	IBRD-89510	Int Charges	2,852,712.00
Nov 15, 2022	IBRD-89510	Int Charges	54,224.37
Aug 21, 2023	IBRD-89510	Loan Disb	3,713,881.20
Mar 17, 2023	IBRD-89510	Loan Disb	2,933,584.00
Mar 20, 2024	IBRD-89510	Loan Disb	4,307,512.50
Nov 15, 2023	IBRD-89510	Int Charges	1,185.48
Nov 15, 2023	IBRD-89510	Int Charges	37,738.53
Nov 15, 2023	IBRD-89510	Int Charges	5,718,619.00
Nov 15, 2023	IBRD-89510	Int Charges	127,268.97
Dec 21, 2023	IBRD-89510	Loan Disb	1,284,504.40
May 15, 2024	IBRD-89510	Int Charges	33,448.63
May 15, 2024	IBRD-89510	Int Charges	31,862.96
May 15, 2024	IBRD-89510	Int Charges	6,116,772.00
May 15, 2024	IBRD-89510	Loan Repay	2,894,408.00
Apr 17, 2019	IBRD-89510	Loan Commitment	200,000,000.00
May 15, 2020	IBRD-89510	Int Charges	5,226.52
Jan 15, 2020	IBRD-89510	Loan Disb	500,000.00
Jan 15, 2020	IBRD-89510	Fee Charges	500,000.00
Mar 18, 2020	IBRD-89510	Loan Disb	32,357,592.00
Nov 15, 2020	IBRD-89510	Int Charges	149,310.23
Nov 15, 2020	IBRD-89510	Int Charges	188,111.20
Nov 15, 2020	IBRD-89510	Int Charges	481,032.56
Nov 15, 2020	IBRD-89510	Int Charges	12,819.28
May 15, 2021	IBRD-89510	Int Charges	140,308.22
May 15, 2021	IBRD-89510	Int Charges	632,356.56
Mar 9, 2021	IBRD-89510	Loan Disb	11,953,665.00
Jun 15, 2022	IBRD-89510	Loan Disb	7,750,113.50
Feb 22, 2022	IBRD-89510	Loan Disb	18,376,248.00
Nov 15, 2021	IBRD-89510	Int Charges	111,503.73
Nov 15, 2021	IBRD-89510	Int Charges	771,253.94
Jun 24, 2021	IBRD-89510	Loan Disb	15,329,905.00
Sep 22, 2021	IBRD-89510	Loan Disb	17,917,370.00
May 15, 2022	IBRD-89510	Int Charges	6,626.97
Dec 16, 2021	IBRD-89510	Loan Disb	1,607,986.20
May 15, 2022	IBRD-89510	Int Charges	31,537.03
May 15, 2022	IBRD-89510	Int Charges	77,887.59
May 15, 2022	IBRD-89510	Int Charges	1,006,930.06
May 15, 2023	IBRD-89510	Int Charges	3,818.26
May 15, 2023	IBRD-89510	Int Charges	290,610.40
May 15, 2023	IBRD-89510	Int Charges	41,726.53
Sep 11, 2020	IBRD-89510	Loan Disb	49,457,276.00
May 15, 2020	IBRD-89510	Int Charges	419,138.88

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Progress towards achievement of PDO	Satisfactory	2024-09-04
Financial Management	Satisfactory	2024-09-04
Monitoring and Evaluation	Satisfactory	2024-09-04
Overall Implementation Progress (IP)	Satisfactory	2024-09-04
Procurement	Satisfactory	2024-09-04
Project Management	Satisfactory	2024-09-04

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

No data available.

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Number of entrepreneurs receiving financing through the project Value 0.00 184403.00 85200.00
Date June 30, 2019 June 25, 2023 June 30, 2025
Comment
Number of jobs created through the project Value 0.00 351387.00 100000.00
Date June 28, 2019 June 25, 2023 June 30, 2025
Comment
Of which total women Value 0.00 0.00 30.00
Date
Comment
Of which women Value 0.00 0.00 30.00
Date
Comment
Of which women aged over 35 Value 0.00 0.00 10.00
Date
Comment
Of which youth (aged 21-35) Value 0.00 0.00 15.00
Date
Comment
Of which receive equity financing Value 0.00 123.00 190.00
Date June 28, 2019 June 25, 2023 June 30, 2025
Comment
Of which: receive debt financing Value 0.00 184280.00 85010.00
Date June 28, 2019 June 25, 2023 June 30, 2025
Comment

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Risk capital intermediaries receiving equity financing Value 0.00 5.00 10.00
Date June 30, 2019 June 25, 2023 June 30, 2025
Comment
of which: seed/acceleration stage Value 0.00 3.00 4.00
Date June 30, 2019 June 25, 2023 June 30, 2025
Comment
of which: SME/Venture capital stage Value 0.00 2.00 6.00
Date June 30, 2019 June 25, 2023 June 30, 2025
Comment
Financial intermediaries receiving debt financing through the project Value 0.00 61.00 30.00
Date June 30, 2019 June 25, 2023 June 30, 2025
Comment
Volume of risk capital mobilized by private sector entities for innovative startups and high-growth SMES Value 0.00 51706631.32 89000000.00
Date June 28, 2019 June 25, 2023 June 30, 2025
Comment
Percent of Beneficiaries satisfied with project interventions (Citizen Engagement Indicator) Value 0.00 0.00 70.00
Date June 28, 2019 June 25, 2023 June 30, 2025
Comment

Number of entrepreneurs receiving financing through the project	Value	0.00	184403.00	85200.00
	Date	June 30, 2019	June 25, 2023	June 30, 2025
	Comment

Of which receive equity financing	Value	0.00	123.00	190.00
	Date	June 28, 2019	June 25, 2023	June 30, 2025
	Comment

Of which: receive debt financing	Value	0.00	184280.00	85010.00
	Date	June 28, 2019	June 25, 2023	June 30, 2025
	Comment

of which: seed/acceleration stage	Value	0.00	3.00	4.00
	Date	June 30, 2019	June 25, 2023	June 30, 2025
	Comment

of which: SME/Venture capital stage	Value	0.00	2.00	6.00
	Date	June 30, 2019	June 25, 2023	June 30, 2025
	Comment

Catalyzing Entrepreneurship for Job Creation

Abstract*

Development Objective

Key Details

Project Details

Sectors

Themes

Stay Connected, sign up for our:

Project Map

Finances

Financing Plan (US$ Millions)

Total Project Financing (US$ Millions)

Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025

Detailed Financial Activity as of March 31, 2025

Ratings

IMPLEMENTATION RATINGS

COMPLETION RATINGS

INDEPENDENT EVALUATION RATINGS

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INTERMEDIATE RESULTS INDICATORS