Skills for Employment Investment Program - Tranche 1 (ADB-42466-015)

Countries
  • Bangladesh
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
Jun 3, 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
Finance Division, MOF (EA)
The holder of the loan, grant, or other investment.
Sectors
  • Education and Health
  • Finance
  • 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)
$ 190.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ ADB website

Updated in EWS Sep 28, 2017

Disclosed by Bank Mar 14, 2017


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Project Description
This project provides support to the national government's reform of skills development, specifically funding large-scale private sector skills education and public-private partnership. The program establishes a unified funding system and coordination of the current system to switch to a sector-wide approach.
Investment Description
  • Asian Development Bank (ADB)
This project is funded by: Government of Switzerland: US$ 10 million ADB: US$ 100 million Chevron U.S.A. Inc.: US$ 1 million World Bank: US$ 79 million
Contact Information
Finance Division, MOF (EA) MONWARA@ERD.GOV.BD Bangladesh Secretariat, Dhaka-1000 Bangladesh 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