WEDP -FINANCING FEMALE ENTREPRENEURS IN ETHIOPIA

Promoteur – Intermédiaire Financier

DEVELOPMENT BANK OF ETHIOPIA

Lieu

• Ethiopie

Description

The project consists of a senior loan to the Federal Republic of Ethiopia, acting through the Ministry of Finance and Economic Cooperation, to be on-lent to female entrepreneurs via Micro Finance Institutions (MFIs). This operation co-finances the second phase of the World Bank's Women Entrepreneurship Development Project (WEDP), implemented by the Development Bank of Ethiopia (DBE). The DBE will act as an apex entity to select and fund MFIs.

Objectifs

This project will develop women-run small and medium enterprises with potential to grow and generate employment. This is achieved by tailoring financial instruments to the needs of the participants, ensuring availability of finance, and developing entrepreneurial and technical skills.

Commentaires

The operation consists of a co-investment in the Ethiopia WEDP. Started in 2012, the WEDP was designed and funded by the World Bank through a USD 50m International Development Association (IDA) concessional loan extended to the Government of Ethiopia. The operation will co-finance the phase 2 of the project alongside contributions from the Italian Ministry of Foreign Affairs and International Cooperation and the Japan International Cooperation Agency (JICA).

Secteur(s)

• Lignes de crédit - Lignes de crédit

Montant BEI envisagé (montant approximatif)

EUR 30 million

Coût total (montant approximatif)

Not applicable.

Aspects environnementaux

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Passation des marchés

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Statut

Signé - 19/11/2018