Skills Sector Enhancement Program (ADB-42251-018)

Countries
  • Sri Lanka
Where the impacts of the investment may be experienced.
Financial Institutions
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Mar 28, 2014
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Ministry of Skills Development and Vocational Training
The holder of the loan, grant, or other investment.
Sectors
  • Construction
  • Education and Health
  • Finance
  • Industry and Trade
  • Law and Government
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 100.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 411.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Bank Documents
Primary Source

Original disclosure @ ADB website

Updated in EWS Sep 19, 2017

Disclosed by Bank Mar 14, 2017


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Project Description
This project furthers cooperation between the government of Sri Lanka and the Asian Development Bank to further skills and technical education through teacher training, technical training quality assurance, analysis of labor market gaps, enrolling more students, and providing financial help to 18,000 students from disadvantaged backgrounds.
Investment Description
  • Asian Development Bank (ADB)
The funding for this project comes from: Germany (Grant): US$ 15.40 million ADB (Loan): US$ 50 million Asian Development Fund/ADB (Loan): US$ 50 million World Bank (Loan): US$ 100 million Export-Import Bank of Korea (Loan): US$ 26 million
Contact Information
Ministry of Skills Development and Vocational Training SEC@YOUTHSKILLSMIN.GOV.LK Nipunatha Piyasa, No. 354/2, Elvitigala Mawatha, Colombo 05, Sri Lanka ACCOUNTABILITY MECHANISM OF ADB The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main