Project

Rural Youth Vocational Training, Employment and Entrepreneurship Support Project (FIER II)

Sector

Youth Entrepreneurship

Financing chart
Financing Gap (USD)
39,613,700
Target group
69,000
Rural Youth
Project target area

4 regions for the first phase: Koulikoro, Sikasso, Ségou and Kayes

 
Summary
Rural Youth Vocational Training, Employment and Entrepreneurship Support Project (FIER II) aims to continue to contribute to wealth creation and poverty reduction for Mali’s rural youth, addressing youth unemployment through an integrated range of activities from focused vocational training to insertion into value chains. FIER II will also include institutional capacity for youth economic and infrastructure development for supply chain projects run by rural youths.
Components and Objectives
FIER II has three main components:
Component 1: Improving pro-youth enabling and institutional environments. It will produce two main outputs for rural youth: (1) institutional capacity for their economic insertion is strengthened, and (2) organizational and infrastructure arrangements are inclusive of youth and lead to economies of scale.
Component 2: Promoting youth entrepreneurship and job creation. It aims to support the whole cycle of youth’ professional projects by helping them to: (1) identify and support their entrepreneurial trajectories, (2) access both non-financial and financial services in a sequenced manner and including proper monitoring of their business, and (3) access key productive assets such as land, equipment, and inputs.
Component 3: Project management and coordination. It will be dedicated to management and coordination of FIER II, and all activities related to monitoring and evaluation and knowledge management.
Financing

Total project cost

100,000,000

IFAD financing
 

39.0 %
39,000,000
39,000,000
IFAD

International cofinancing

0.0 %
0

National cofinancing

21.4 %
21,386,300
5,633,100
Beneficiaries
7,344,400
National Government
8,408,800
Domestic Financing Institutions

Financing
gap

39.6 %
39,613,700

Approval date

December 28, 2022

Expected duration

2022 –
2030

Lending terms

Highly Concessional

Income level

Low Income

Replenishment cycle

IFAD 12

Implementing agency

Ministry of National Entrepreneurship, Employment and Vocational Training

Contact information

Country Director: 
Norman 
Messer 
Email: n.messer@ifad.org