RicherFin · Sovereign Projects

Liberia - Program for Advancing Youth Entrepreneurship Investment (PAYEI) - Project A: Liberian Youth Entrepreneurship Investment Bank — Liberia

Liberia · Monrovia, Liberia · Formal sector financial intermediaries

Overview

The Liberia Youth Entrepreneurship Investment Bank (YEIB) supports the Government of Liberia’s (GoL) 2018 to 2023 Pro-Poor Agenda for Prosperity and Development (PAPD). The project builds on the achievements of the Bank-financed (FAPA/TSFP-III). The Liberia YEIB is a pillar of the Program for Advancing Youth Entrepreneurship Investment (PAYEI). The YEIB will provide financial and nonfinancial services to the youth to start and scale their businesses by strengthening the overall entrepreneurship ecosystem and its stakeholders. The YEIB offers a coherent offer of services that will support the entrepreneurship journey of the youth. The YEIB will forge multi-stakeholder partnerships to mobilize capital to invest and coordinate the delivery of financial and nonfinancial services for entrepreneurs in a systemic, structured, scalable, and sustainable manner. The YEIB will be a youth-focused institution set up to unlock finance, market access, and development services for target youth-businesses. Climate finance is not attributed to this project.

Key project information

Official name
Liberia - Program for Advancing Youth Entrepreneurship Investment (PAYEI) - Project A: Liberian Youth Entrepreneurship Investment Bank
Status
Ongoing
Current phase
Ongoing
Country
Liberia
Location
Monrovia, Liberia
Sector
Formal sector financial intermediaries
Project structure
Public investment / AfDB sovereign financing
Estimated project cost
XDR 12m
Expected completion
2028-12-31