The International trade Centre (ITC) and the UN Capital Development Fund (UNCDF) are jointly implementing the project “Jobs, Skills and Finance (JSF) for Women and Youth in The Gambia Programme” under the tutelage of the Ministry of Finance and Economic Affairs of The Gambia.The JSF Programme is funded by the European Union (EU) and aims to contribute in stabilizing the economic, social and security situation of the country during the democratic transition by facilitating social inclusion and employment of the youth and women, with a specific emphasis on promoting gender equality and addressing climate change.With a budget of 16,000,000 EUR, the programme aims to create 3,000 direct jobs for youth and women. Through a combination of grants, technical assistance and convening power, the programme will aim to:
ITC is implementing the following three outputs focusing on non-financial technical assistance under the project:
UNCDF and ITC will create synergies and complementarities as UNCDF provides capital/ access to finance solutions that will create skills demand through decentralized budgetary support to local government, while the ITC component contributes to this skills development. In addition, the business and entrepreneurs whose skills have been developed will also have access to capital/ finance through the UNCDF project activities.
UN Capital Development Fund (UNCDF) The UN Capital Development Fund makes public and private finance work for the poor in the world’s 47 least developed countries (LDCs).With its capital mandate and instruments, UNCDF offers “last mile” finance models that unlock public and private resources, especially at the domestic level, to reduce poverty and support local economic development.UNCDF’s financing models work through two channels: financial inclusion that expands the opportunities for individuals, households, and small businesses to participate in the local economy, providing them with the tools they need to climb out of poverty and manage their financial lives; and localized investments that show how fiscal decentralization, innovative municipal finance, and structured project finance can drive public and private funding that underpins local economic expansion and sustainable development.Ministry of Finance and Economic Affairs of The GambiaDeriving its mandate from the constitution of The Gambia, the Ministry of Finance is responsible for setting the Governments overall economic policy objectives and the legal and institutional framework through which such objectives are meant to be achieved.
UN Capital Development Fund (UNCDF)
Ministry of Finance and Economic Affairs of The Gambia
MOSER, Raimund Programme Development Adviser Project Manager– Gambia +41 (0)22 730-0398moser[at]intracen.org