Dominican Republic: Youth Development Project

WASHINGTON, March 23, 2006- The following project was approved today by the World Bank’s Board of Executive Directors:

IBRD LOAN: US$ 25 million

TERMS: Grace period = 5 years; Maturity = 17 years;

PROJECT DESCRIPTION: The Project, building on two successful Dominican initiatives, will focus on two complementary channels to enhance employability: i) providing young people with work experience and life skills through the Youth and Employment Program managed by the Secretary of Labor (SET), and ii) expanding "Second Chance" education programs to complete formal education through night classes provided by the Secretary of Education (SEE).

For more information, please call Stevan Jackson (202) 458 5054, or email: sjackson@worldbank.org

For project documents, please visit the project web site.