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Private Sector Jobs and Economic Transformation (PSJET)

Abstract*

The development objective of the Private Sector Jobs and Economic Transformation Project for Haiti is to contribute to labor demand by supporting micro, small, and medium enterprises (MSMEs) and value chains resilience and growth through improved business development services and access to financial resources. The project comprises of four components. The first component, investing in MSMEs and value chains resilience and growth will provide business...

* The project abstract is drawn from the PAD, SAR or PGD and may not accurately reflect the project's current nature

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Development Objective

Contribute to labor demand by supporting MSMEs and value chains resilience and growth through improved business development services and access to financial resources

Key Details

Project Details

  • P173743

  • Active

  • Ifeyinwa Bonheur , Maria Kim

  • Republic of Haiti

  • Haiti

  • August 19, 2020

  • (as of board presentation)

    September 28, 2021

  • December 15, 2021

  • US$ 105.00 million

  • Ministry of the Economy and Finance

  • Latin America and Caribbean

  • 2022

  • US$ 75.00 million

  • N/A

  • February 7, 2024

  • May 31, 2027

  • Yes

  • BANK APPROVED

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
IDA Grant 75.00

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment N/A
IDA Commitment 75.00
IBRD + IDA Commitment 75.00
Lending Instrument
Grant Amount N/A
Total Project Cost** 105.00

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

Download:
No data available.
Financier Approval Date Closing Date Principal Disbursed Repayments Interest, Charges & Fees

Detailed Financial Activity as of January 31, 2025

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No data available.
Period Financier Transaction Type Amount (US$)
Jul 7, 2022 IDA-D8750 Loan Disb 222,708.34
Oct 31, 2022 IDA-D8750 Loan Disb 850,000.00
Apr 6, 2023 IDA-D8750 Loan Disb 44,541.68
Dec 15, 2023 IDA-D8750 Loan Disb 716,247.60
Dec 19, 2023 IDA-D8750 Loan Disb 87,007.56
Jul 10, 2023 IDA-D8750 Loan Disb 1,113,541.80
Sep 28, 2021 IDA-D8750 Loan Commitment 75,000,000.00
Aug 1, 2024 IDA-D8750 Loan Disb 81,475.70
May 15, 2024 IDA-D8750 Loan Disb 500,000.00
Jun 4, 2024 IDA-D8750 Loan Disb 174,015.12
Feb 27, 2024 IDA-D8750 Loan Disb 207,708.34
Feb 27, 2024 IDA-D8750 Loan Disb 267,202.53
Mar 10, 2023 IDA-D8750 Loan Disb 623,583.40

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name Review Date
Project Management Moderately Satisfactory 2024-06-24
Procurement Moderately Satisfactory 2024-06-24
Progress towards achievement of PDO Moderately Satisfactory 2024-06-24
Financial Management Moderately Unsatisfactory 2024-06-24
Monitoring and Evaluation Moderately Satisfactory 2024-06-24
Overall Implementation Progress (IP) Moderately Satisfactory 2024-06-24

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

No data available.

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATORBASELINECURRENTTARGET
  • Share of MSMEs impacted by COVID-19 receiving a grant that survive at project closingValue0.000.0050.00
    DateJuly 12, 2021November 30, 2023April 12, 2027
    Comment
  • Share of supported MSMEs that increase employmentValue0.000.0025.00
    DateJuly 12, 2021November 30, 2023July 12, 2027
    Comment
  • Of which women-owned/managedValue0.000.000.00
    Date
    Comment
  • Increased investment by supported firms to improve climate change adaptation and mitigation in value chainsValue0.000.0028000000.00
    DateJuly 12, 2021November 30, 2023July 12, 2027
    Comment
  • Of which women-owned or managedValue0.000.0030.00
    Date
    Comment

INTERMEDIATE RESULTS INDICATORS

INDICATORBASELINECURRENTTARGET
  • Private capital mobilized by PFIs through the project PCGValue0.000.0030000000.00
    DateJune 1, 2021November 30, 2023March 11, 2027
    Comment
  • Firms benefiting from private sector initiativesValue0.000.00550.00
    DateJuly 12, 2021November 30, 2023July 12, 2027
    Comment
  • Modules of FDI institutional development plan fully implementedValue0.000.004.00
    DateJuly 12, 2021November 30, 2023July 12, 2027
    Comment
  • Business regulations reformedValue0.000.003.00
    DateJune 1, 2021November 30, 2023March 11, 2027
    Comment
  • Among which to first time borrowersValue0.000.005000000.00
    DateJune 1, 2021November 30, 2023March 11, 2027
    Comment
  • Of which women-owned/managedValue0.000.0030.00
    Date
    Comment
  • Value of grants to beneficiary firms used for climate change adaptationValue0.000.003000000.00
    DateJuly 12, 2021November 30, 2023July 12, 2027
    Comment
  • Among which to first time women borrowersValue0.000.002500000.00
    DateJuly 12, 2021November 30, 2023July 12, 2027
    Comment
  • Value of loans provided by PFIs through the project LoCValue0.000.0021000000.00
    DateJune 1, 2021November 30, 2023July 12, 2027
    Comment
  • Anti-competitive practices and regulations removedValue0.000.002.00
    DateJune 1, 2021November 30, 2023July 12, 2027
    Comment
  • Value of loans provided by PFIs through the project for investment in climate change mitigationValue0.000.0025000000.00
    DateJuly 12, 2021November 30, 2023July 12, 2027
    Comment
  • Stakeholder engagement meetings held that directly involved project beneficiaries and discussed beneficiary inputs regarding project implementationValue0.000.007.00
    DateJuly 12, 2021November 30, 2023July 12, 2027
    Comment