📋 Tender Overview
Project Summary
Approval Date 14 Jul 2023
Planned Completion Date 01 Aug 2027
Last Disbursement Planned Date 01 Aug 2027
Sovereign / Non-Sovereign Sovereign
Sector Finance
DAC Sector Code 24030
Commitment U.A 12,000,000
Status Approved
Project General Description
The Liberia Youth Entrepreneurship Investment Bank (YEIB) supports the Government of Liberia’s (GoL) 2018 to 2023 Pro-Poor Agenda for Prosperity and Development (PAPD). The project builds on the achievements of the Bank-financed (FAPA/TSFP-III). The Liberia YEIB is a pillar of the Program for Advancing Youth Entrepreneurship Investment (PAYEI). The YEIB will provide financial and nonfinancial services to the youth to start and scale their businesses by strengthening the overall entrepreneurship ecosystem and its stakeholders. The YEIB offers a coherent offer of services that will support the entrepreneurship journey of the youth. The YEIB will forge multi-stakeholder partnerships to mobilize capital to invest and coordinate the delivery of financial and nonfinancial services for entrepreneurs in a systemic, structured, scalable, and sustainable manner. The YEIB will be a youth-focused institution set up to unlock finance, market access, and development services for target youth-businesses.
Project Objectives
The overarching goal of the Project is to strengthen financial and non-financial business service to young women and men entrepreneurs in ways that ensure inclusion, decrease vulnerabilities, and prepare for resilience and long-term sustainability of service provision. The project aims to: (1) Strengthen institutional stewardship and oversight of youth entrepreneurship support ecosystem; (2) Develop a Youth Entrepreneurship Investment Bank (YEIB) and its related entities.
Beneficiaries
The Liberian youth as defined in the country is the population aged between 15 and 35 years old, both male and female. The YEIB will cater to the youth entrepreneurship population or aspiring entrepreneurs, aged between 18 and 35 years old, the ultimate beneficiary of the YEIB services. A segmentation of the youth into entrepreneurs, youth-in-training and out-of-school-out-of-work youth is key to defining the type of training and capacity building and financial services delivered by the YEIB. The YEIB distinguishes the services that it delivers directly to its main target, versus those that it unlocks via partnerships.
Participating Organization
Funding
African Development Fund
