📋 Tender Overview
IATI identifier 46002-P-GQ-I00-001
Country Equatorial Guinea
Sector Social
High 5 Improve Life of People in Africa
Sovereign / Non-Sovereign Sovereign
Environmental Category [2] Moderate Risk
Climate Safeguards Categorization [3] Projects are not vulnerable to climate risk.
Gender Marker System Categorization [GEN II] Gender Outcomes
Commitment (UA) 50,200,397
Project General Description
The Project to Strengthen Human Capital in Support of Economic and Social Inclusion, (PARCH) responds to the need to develop human capital and address the challenges facing the Equatorial Guinea economy. This operation will enable the Bank to tackle the root cause of the skills shortage in the country. PARCH 1 incorporates the lessons learned in the country, including the need to: (i) move towards an integrated approach that combines training and job placement support; (ii) prioritize phased operations that address qualifications issues over the long term; and (iii) ensure the gradual empowerment of the private sector in training provision and sector governance. The implementation of the Middle and Senior Management Training Programme (PFCMS) has highlighted the need for a lasting solution to the structural mismatch between the demand for and supply of employment related training. This will require action at several complementary levels including the macro level (policy support), the meso level (institutional capacity-building) and the micro level (beneficiaries).
Project Objectives
The project's development objective is to improve training availability and access to employment for young people with a view to achieving inclusive, diversified, sustainable and private sector-driven growth. In terms of specific objectives, the project aims to: (1) expand access to training opportunities by increasing the capacity of training centres in the provinces of Bioko Sur (capital: Luba) and Welé-Nzas (capital: Mongomo); (2) diversify and improve the quality and relevance of vocational training by strengthening collaboration with the private sector and by developing relevant curricula and providing qualified trainers to meet current and future job market needs; and (3) support business creation by improving the institutional governance of the sector and implementing an incubation and support programme targeting start-ups and micro, small and medium-sized enterprises (MSMEs).
Beneficiaries
The project will directly benefit the ministries in charge of vocational training and employment, as well as their administrative entities. The intermediate beneficiaries are the 300 trainers who will be empowered to pass on their knowledge and skills. The final beneficiaries are the young people (men and women in equal numbers) enrolled in the training centres in the two provinces selected for this first phase. By the end of the project, their number will be around 1,950. The indirect beneficiaries will include young people who are temporarily employed during the construct
