The World Bank Implementation Status & Results Report Finance for Jobs II (P159337) Finance for Jobs II (P159337) MIDDLE EAST AND NORTH AFRICA | West Bank and Gaza | Finance, Competitiveness and Innovation Global Practice | Special Financing | Investment Project Financing | FY 2018 | Seq No: 10 | ARCHIVED on 28-Sep-2022 | ISR52681 | Implementing Agencies: Ministry of Finance, Palestine Liberation Organization (for the benefit of the Palestinian Authority), Project Implementing Agency (DAI) Key Dates Key Project Dates Bank Approval Date: 27-Jul-2017 Effectiveness Date: 27-Nov-2017 Planned Mid Term Review Date: 24-Feb-2020 Actual Mid-Term Review Date: 24-Feb-2020 Original Closing Date: 31-Mar-2025 Revised Closing Date: 31-Mar-2025 pdoTable Project Development Objectives Project Development Objective (from Project Appraisal Document) To test the effectiveness of selected financial interventions in incentivizing private sector investment and job creation. Has the Project Development Objective been changed since Board Approval of the Project Objective? No Components Table Name Development Impact Bond (DIB) for Skills Development and Employment:(Cost $5.75 M) Investment Co-Financing Facility (ICF):(Cost $6.75 M) Entrepreneurship Ecosystem Matching Grant (EE-MG) Project Management:(Cost $2.00 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO Satisfactory Satisfactory Overall Implementation Progress (IP) Satisfactory Satisfactory Overall Risk Rating Substantial Substantial Implementation Status and Key Decisions The F4J II Project has been making considerable progress towards the achievement of the project development objective and intermediate targets. The number of ICF investments and DIB trainings continue on a satisfactory basis, with a total of 902 jobs created and US$ 47.57 million in private capital mobilized. The project is also looking to expand the ICF component with a 4th round of proposals as well as increase the size of the DIB. 9/29/2022 Page 1 of 6 The World Bank Implementation Status & Results Report Finance for Jobs II (P159337) Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance High Substantial Substantial Macroeconomic High High High Sector Strategies and Policies Substantial Moderate Moderate Technical Design of Project or Program Substantial Moderate Moderate Institutional Capacity for Implementation and Substantial Moderate Moderate Sustainability Fiduciary Substantial Substantial Substantial Environment and Social Moderate Moderate Moderate Stakeholders Substantial Moderate Moderate Other -- -- -- Overall High Substantial Substantial Results PDO Indicators by Objectives / Outcomes To test the effectiveness of selected financial interventions in incentivizing private sector invest IN01178865 ►Number of jobs created (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 515.00 902.00 3,500.00 Date 01-Sep-2017 31-Dec-2021 21-Sep-2022 31-Mar-2025 IN01178866 ►Private Capital Mobilized (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 36,690,000.00 47,570,000.00 43,000,000.00 Date 01-Sep-2017 20-Aug-2021 21-Sep-2022 31-Dec-2024 Overall Comments PDO 9/29/2022 Page 2 of 6 The World Bank Implementation Status & Results Report Finance for Jobs II (P159337) The project is on track to achieve its PDO level indicators. Building on the success of the previous reporting periods the DIB continues to deliver its results and additional ICF deals have been signed, increasing the overall number of jobs created by 387 reaching 902 and overall capital mobilized increasing by 10.88 million reaching 47.57 million. To note is that the periodical targets under both indicators have been adjusted to reflect the extended timeline of the project until March 2025. The team is also monitoring closely the impact of the COVID-19 pandemic and the ongoing military activity in Gaza on the ICF deals and resulting number of jobs created. Intermediate Results Indicators by Components Development Impact Bond (DIB) for Skills Development and Employment IN01178867 ►Number of beneficiaries accepted onto the DIB Program (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 729.00 889.00 1,240.00 Date 01-Sep-2017 01-Mar-2022 21-Sep-2022 31-Dec-2023 IN01178870 Number of DIB beneficiaries accepted onto the DIB Program -- women (Number, Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 318.00 395.00 500.00 Date 01-Sep-2017 01-Mar-2022 21-Sep-2022 31-Dec-2023 IN01178871 ►Number of beneficiaries starting employment (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 213.00 339.00 460.00 Date 01-Sep-2017 01-Mar-2022 21-Sep-2022 31-Dec-2023 IN01178874 Number of beneficiaries starting employment --women (Number, Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 102.00 136.00 138.00 Date 01-Sep-2017 01-Mar-2022 21-Sep-2022 31-Dec-2023 IN01178875 ►Number of beneficiaries that have completed employment skills training (in class and/or on the job) (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 490.00 626.00 1,010.00 9/29/2022 Page 3 of 6 The World Bank Implementation Status & Results Report Finance for Jobs II (P159337) Date 01-Sep-2017 01-Mar-2022 21-Sep-2022 31-Dec-2023 IN01178877 Number of beneficiaries that have completed employment skills training (in class and/or on the job) - women (Number, Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 229.00 291.00 410.00 Date 01-Sep-2017 01-Mar-2022 21-Sep-2022 31-Dec-2023 Investment Co-Financing Facility (ICF) and Development Impact Bond (DIB) for Skills Development IN01178868 ►Firms benefiting from private sector initiatives (Number, Corporate) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 56.00 74.00 106.00 Date 01-Sep-2017 01-Mar-2022 21-Sep-2022 31-Dec-2024 IN01178869 ►Beneficiaries of job-focused interventions (Number, Corporate) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 1,124.00 1,545.00 4,300.00 Date 01-Sep-2017 01-Mar-2022 21-Sep-2022 31-Dec-2024 IN01178872 Beneficiaries of job-focused interventions - Youth (Number, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 855.00 1,116.00 2,500.00 IN01178873 Beneficiaries of job-focused interventions - Female (Number, Corporate Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 378.00 483.00 1,100.00 IN01178876 ►Beneficiaries that feel project investments reflected their needs (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 100.00 100.00 85.00 Date 01-Sep-2017 01-Mar-2022 21-Sep-2022 31-Dec-2024 Overall Comments IR 9/29/2022 Page 4 of 6 The World Bank Implementation Status & Results Report Finance for Jobs II (P159337) At the half year mark almost all intermediate indicators on track to achieve their target for CY 22 and are supporting the overall achievement of the PDO indicators. The only indicator below target is the number of beneficiaries that have completed employment skill training. Nevertheless, the resulting gap is minimal and impact on PDO targets is not visible due to great focus on employment results by the DIB. Performance-Based Conditions Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P159337 TF-A5114 Closed USD 1.50 1.50 0.00 1.50 0.00 100% P159337 TF-A5297 Effective USD 8.00 8.00 0.00 6.91 1.09 86% P159337 TF-A8159 Effective USD 5.00 5.00 0.00 3.46 1.54 69% P159337 TF-B5070 Effective USD 10.00 10.00 0.00 0.25 9.75 2.5% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P159337 TF-A5114 Closed 27-Sep-2017 27-Sep-2017 27-Nov-2017 31-Mar-2021 30-Jun-2022 P159337 TF-A5297 Effective 27-Sep-2017 27-Sep-2017 27-Nov-2017 29-Oct-2021 15-Oct-2023 P159337 TF-A8159 Effective 10-Aug-2018 30-Aug-2018 12-Nov-2018 29-Oct-2021 15-Oct-2023 P159337 TF-B5070 Effective 02-Feb-2021 21-Mar-2021 19-May-2021 31-Mar-2025 31-Mar-2025 Cumulative Disbursements 9/29/2022 Page 5 of 6 The World Bank Implementation Status & Results Report Finance for Jobs II (P159337) Restructuring History Level 2 Approved on 07-Nov-2018 ,Level 2 Approved on 12-Nov-2020 Related Project(s) P167675-Finance for Jobs II Additional Financing ,P175414-Finance for Jobs II Second Additional Financing - COVID-19 Response 9/29/2022 Page 6 of 6