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
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