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LOANS & CREDITS September 12, 2019

Nepal: Youth Employment Transformation Initiative Project

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

TermsMaturity = 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).


Contacts

Kathmandu
Akash Shrestha
Communications Officer
ashrestha9@worldbank.org
Washington DC
Yann Doignon
Online Communications Officer
ydoignon@worldbank.org
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