Early Warning System

Countries

Bahamas

Geographic location where the impacts of the investment may be experienced.

Specific Location

New Providence, Grand Bahama

Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.

Financial Institutions

Caribbean Development Bank (CDB)

International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.

Project Status

Active

Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.

Bank Risk Rating

Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."

Voting Date

Dec 1, 2014

Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.

Borrower

Bahamas Technical and Vocational Institute

A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.

Sectors

Education and Health

The service or industry focus of the investment. A project can have several sectors.

Project Cost (USD)

$ 7.26 million

Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.

Primary Source

Original disclosure @ CDB website

Updated in EWS Oct 11, 2023

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Can you contribute information about this project?
Contact the EWS Team

Project Description

If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the CDB, the project will enhance the capacity of the Bahamas Technical and Vocational Institute to provide quality workforce development and learning opportunities for post-secondary students in the Bahamas.

Contact Information

This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Client - Bahamas Technical and Vocational Institute:

Addresses -
New Providence: Old Trail Road, P.O. Box N-4934, Nassau, Bahamas
Grand Bahama: Peachtree St. & Settlers Way, P.O. Box F-40477, Freeport, Grand Bahama
Phones -
New Providence: +242 502 6300
Grand Bahama: +242 352 2190
Faxes -
New Providence: +242 393 4005
Grand Bahama: +242 351 4028
Website: https://www.btvi.edu.bs/

ACCOUNTABILITY MECHANISM OF THE CDB

Complaints about suspected fraud and/or corruption may be submitted to the Office of Integrity, Compliance and Accountability. Allegations may be made by a variety of sources including staff, consultants, contractors, and other persons who may consider themselves participants in, witness to or victims of wrongdoing.

To make a complaint, access the following webpage: https://secure.ethicspoint.com/domain/media/en/gui/55678/index.html.