The Palestinian Liberation Organization (for the benefit of the Palestinian Authority, namely the Ministry of Finance) (hereinafter the “Recipient”) will implement the Finance for Jobs III (F4JIII) Project (the Project), with the involvement of a private sector entity to be contracted by the recipient to act as the Project Implementation Agency (referred to as the “PIA”), as set out in the Grant Agreement. The PIA will assign the implementation of Component 1 of the Project: Development Impact Bond (hereinafter referred to as “DIB”) to “F4J Consulting”, a private sector company with the sole purpose of implementing the DIB. While the PIA itself will undertake the implementation of Component 2 of the Project: Investment Co-Financing Facility (hereinafter referred to as “ICF”). The International Development Association hereinafter (the Association), acting as the administrator of the Trust Fund for Gaza and West Bank, has agreed to provide the original financing (P179801) for the Project, as set out in the referred agreement.
