| Financier | Commitments |
|---|---|
| IDA Credit | 10.00 |
| IDA Grant | 10.00 |
Maldives: Enhancing Employability and Resilience of Youth Project
Abstract*
The development objective of the Enhancing Employability and Resilience of Youth Project for Maldives is to improve the relevance of technical and vocational skills and foster entrepreneurship to promote youth employment in priority sectors.The project has four components: (1) fostering skills development and entrepreneurship in priority sectors, (2) promoting entrepreneurship and employment through skills development and eLearning strategy, (3) project... Show More
Development Objective
The Project Development Objective (PDO) is to improve the relevance of technical and vocational skills and foster entrepreneurship to promote youth employment in priority sectors.
Key Details
Project Details
P163818
Active
Maya Sherpa , Sydnella Kpundeh
Republic of Maldives
September 28, 2018
(as of board presentation)
June 14, 2019
September 3, 2019
US$ 20.00 million
Ministry of Economic Development,Ministry of Higher Education
2019
US$ 20.00 million
B
March 18, 2024
December 31, 2025
No
BANK APPROVED
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | N/A |
| IDA Commitment | 20.00 |
| IBRD + IDA Commitment | 20.00 |
| Lending Instrument | |
|---|---|
| Grant Amount | N/A |
| Total Project Cost** | 20.00 |
Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025
No data available.
| Period | Financier | Transaction Type | Amount (US$) |
|---|---|---|---|
| Jun 14, 2019 | IDA-64430 | Loan Commitment | 10,000,000.00 |
| Nov 7, 2023 | IDA-D4800 | Loan Disb | -1,048,747.20 |
| May 28, 2024 | IDA-64430 | Loan Disb | 800,000.00 |
| Dec 21, 2023 | IDA-64430 | Loan Disb | 640,812.00 |
| Dec 4, 2023 | IDA-64430 | Loan Disb | 1,048,747.20 |
| Apr 1, 2024 | IDA-64430 | Int Charges | 789.46 |
| Apr 1, 2024 | IDA-64430 | Int Charges | 789.46 |
| Apr 1, 2024 | IDA-64430 | Int Charges | 8,165.11 |
| Apr 1, 2024 | IDA-64430 | Int Charges | 8,165.11 |
| Aug 28, 2023 | IDA-64430 | Loan Disb | 1,150,573.80 |
| Oct 1, 2019 | IDA-D4800 | Loan Disb | 300,000.00 |
| Feb 19, 2020 | IDA-D4800 | Loan Disb | 1,272,114.00 |
| Mar 3, 2021 | IDA-D4800 | Loan Disb | 1,232,259.00 |
| Dec 17, 2020 | IDA-D4800 | Loan Disb | 94,806.00 |
| May 31, 2022 | IDA-D4800 | Loan Disb | 516,941.62 |
| Sep 1, 2021 | IDA-D4800 | Loan Disb | 1,381,160.00 |
| Jun 13, 2022 | IDA-D4800 | Loan Disb | 2,491,277.50 |
| Sep 12, 2022 | IDA-D4800 | Loan Disb | 793,943.56 |
| Feb 1, 2022 | IDA-D4800 | Loan Disb | 155,818.10 |
| Aug 29, 2023 | IDA-D4800 | Loan Disb | 1,500,000.00 |
| Apr 18, 2023 | IDA-D4800 | Loan Disb | 114,917.51 |
| Dec 26, 2023 | IDA-D4800 | Loan Disb | 859,818.00 |
| Jun 14, 2019 | IDA-D4800 | Loan Commitment | 10,000,000.00 |
Ratings
IMPLEMENTATION RATINGS
| Name | Review | Date |
|---|---|---|
| Progress towards achievement of PDO | Satisfactory | 2025-01-14 |
| Project Management | Moderately Satisfactory | 2025-01-14 |
| Financial Management | Satisfactory | 2025-01-14 |
| Monitoring and Evaluation | Satisfactory | 2025-01-14 |
| Procurement | Satisfactory | 2025-01-14 |
| Overall Implementation Progress (IP) | Moderately Satisfactory | 2025-01-14 |
COMPLETION RATINGS
No data available.
INDEPENDENT EVALUATION RATINGS
No data available.
Results Framework
PROJECT DEVELOPMENT OBJECTIVE INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Relevance: Employers satisfied with graduates from the skills development programs in the project priority sectors Value 0.00 100.00 60.00 Date December 31, 2019 December 1, 2023 December 31, 2024 Comment Youth employment: Targeted trained youth in wage employment in an area relevant to technical and vocational skills within six months of graduation, of which females Value Total: 0.00 %Females: 0.00 % Total: 53.0%Females: 16.8% Total: 50.0 %Females: 25.0 % Date December 31, 2019 December 1, 2023 December 31, 2024 Comment Entrepreneurship: New businesses registered by targeted trained youth after receiving business support services, of which females Value Total Number: 0.00Of which number by Females: 0.0 Total Number: 72 of which Number by Females: 46 Total Number: 40.00Of which number by Females: 15 Date December 31, 2019 December 1, 2023 December 31, 2024 Comment
INTERMEDIATE RESULTS INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Labor market surveys carried out Value 1.00 4.00 3.00 Date March 29, 2019 December 1, 2023 December 31, 2024 Comment 21st century skills development strategy adopted Value No No Yes Date December 31, 2019 December 1, 2023 December 31, 2024 Comment Employer satisfaction survey completed Value 0.00 17.00 4.00 Date December 31, 2019 December 1, 2023 December 31, 2024 Comment Beneficiaries satisfied with the skill development training, BDS services or other project activity Value 0.00 52.00 80.00 Date December 31, 2019 December 1, 2023 December 31, 2024 Comment Curricula and National Competency Standards developed/revised to include entrepreneurship and for pilot interventions in the project priority areas Value 0.00 56.00 100.00 Date December 31, 2019 December 1, 2023 December 31, 2024 Comment Basic and intermediate ICT-based teaching and learning packages for digital skills developed and utilized through eLearning Platorm/eLibrary Value 0.00 12.00 10.00 Date December 31, 2019 December 1, 2023 December 31, 2024 Comment Direct project beneficiaries (Number), of which female (%) Value Total: 0Females: 0% Total: 6,665 Females: 45 percent Total: 3,500Females: 40.0% Date December 31, 2019 December 1, 2023 December 31, 2024 Comment Trainers, instructors and assessors on revised curricula and competency based standards Value 0.00 73.00 125.00 Date December 31, 2019 December 1, 2023 December 31, 2024 Comment Job seekers and employers registered on the jobs platform Value 4922.00 9976.00 6000.00 Date December 31, 2019 December 1, 2023 December 31, 2024 Comment A social media campaign on positive imaging around young women in the tourism sector. Value No specific social media campaign to address the i A communications strategy and Gender Action Plan h A social media campaign to address the issue that Date December 31, 2019 December 1, 2023 December 31, 2024 Comment Targeted youth completing market-relevant short-term vocational, technical, entrepreneurship, personal initiative, and soft skills development training in priority sectors supported by the project Value 0.00 1834.00 3000.00 Date December 31, 2019 December 1, 2023 December 31, 2024 Comment Students benefiting from direct interventions to enhance learning Value 0.00 1891.00 12805.00 Date December 31, 2019 December 1, 2023 December 31, 2024 Comment Business development service (BDS) providers trained Value 0.00 56.00 30.00 Date December 31, 2019 December 1, 2023 December 31, 2024 Comment Students benefiting from direct interventions to enhance learning - Female Value 0.00 19118.00 0.00 Date Comment Youth benefitting from BDS services Value 0.00 475.00 100.00 Date December 31, 2019 December 1, 2023 December 31, 2024 Comment Business plan competitions held Value 0.00 1.00 2.00 Date December 31, 2019 December 1, 2023 December 31, 2024 Comment