📋 Tender Overview
Project ID: P176017
Region: europe and central asia
Commitment Amount: Us$ 200.00 million
Total Project Cost: Us$ 200.00 million
The proposed project's development objective is to support the expansion of rural enterprise activity and job creation in regions targeted by the project. This will contribute to the larger goal of building greater economic and job opportunities and facilitating private sector-led economic growth. Project financing would be directed at: (i) rural entrepreneurship with a focus on business incubation and apprenticeship; (ii) cluster development to strengthen backward and forward linkages in supply chains and facilitate greater market access and business development; and (iii) improving access to non-financial and financial services among micro and small enterprises in high potential sectors (agri-food, tourism, textiles/apparel, light manufacturing). The project will place a strong focus on inclusion (targeting youth and women); innovation (deploying technology, digitization and management models to improve effectiveness, efficiency and scale); incubation (facilitation and mentorship for developing an entrepreneurial ecosystem); and linking rural areas with emerging economic clusters in urban areas and other economic clusters in the country and the region.Key Results (From PCN)As with the FVREDP, project results would be focused on increasing enterprise intensity; increasing employment (particularly among youth and women) as a result of new business start-ups or expansions of existing enterprises; increasing access to financial and non-financial services by micro, small and medium businesses; and increasing market linkages within value chains in targeted areas. The proposed REDP will build on the design of the FVREDP retaining the core focus on supporting entrepreneurship and expanding access to non-financial and financial services. As the FVREDP, the proposed project would take a two-track approach -facilitating the establishment and growth of MSMEs through the provision of technical support and advisory services (Component 1); and addressing liquidity constraints and risk exposure within the financial sector to increase MSME and agricultural lending (Component 2). In addition, the design would be augmented to: (i) scale up group-based approaches to strengthen women’s entrepreneurship being piloted in other projects; and (ii) facilitate institutional reforms in the State Fund for Entrepreneurship to strengthen the establishment of a stand-alone Guarantee Fund.In terms of geographic scope, the Government has indicated a preference to scale up the project nation-wide. As part of the preparation process, further work and discussions will be undertaken to determine if there would be some project activities to be more appropriately targeted in a smaller geographic area and whichactivities could be more widely implemented and attain nation-wide coverage.Component 1: Enterprise Development.The component will facilitate
