WASHINGTON, September 12, 2019 – The World Bank Board of Executive Directors today approved financing for the following project:
Nepal: Youth Employment Transformation Initiative Project
IDA Credit: US$ 120 million
Terms: Maturity = 38 Years, Grace = 6 Years
Project ID: P160696
Project Description: The Youth Employment Transformation Initiative Project will support the Government of Nepal in improving employment services and labor market outcomes for Nepali youth. The US$ 120 million project aims to benefit 100,000 young people, especially women and will be implemented by the Ministry of Labor, Employment and Social Security over a period of five years. The project aligns with the Prime Minister Employment Program (PMEP).