Strengthening Higher Engineering Education (ADB-45192-002)

Countries
  • Nepal
Geographic location 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
Proposed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
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."
Sectors
  • Education and Health
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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 70.00 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.
Bank Documents
Other Related Projects
Primary Source

Original disclosure @ ADB website

Updated in EWS Jun 26, 2020

Disclosed by Bank Sep 26, 2016

Contribute Information
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.

DESCRIPTION

Nepal needs a world-class higher engineering education institute (WCHEEI) to help enhance global competitiveness of Nepal's economy. Objectives of establishment of WCHEEI in Nepal will (i) produce qualified graduates who are in high demand on the labor market, (ii) conduct leading-edge research published in journals, and (iii) contribute to technical innovations for economic development. International and regional good practices of WCHEEI operation emphasize the value of national strategic orientation, autonomy, international/regional competitiveness, sustainable funding, and partnership. To develop WCHEEI, three key factors are important: (i) concentration of talents (internationalization of faculty staff and students), (ii) provision of adequate financial resources, and (iii) favorable governance. WCHEEI will develop capacity to compete in the global higher education marketplace through the acquisition, adaptation, and creation of advanced knowledge.

PROJECT RATIONALE AND LINKAGE TO COUNTRY/REGIONAL STRATEGY

Strengthening higher engineering education (HEE) project aims at improved quality and relevance of skills acquired by graduates to better respond to labor market needs. The project supports Nepal to establish a world-class higher engineering education institute (WCHEEI). The project is fully consistent with Nepal's country partnership strategy, and is included in the country business operations plan in 2015-2017.

IMPACT

Inclusive economic growth and innovation supported by engineers and researchers (Nepal Government's Approach Paper to the Thirteenth Plan (2013-2016)

OUTCOME

Market-relevance and quality of HEE programs offered by WCHEE improved improved

CONSULTING SERVICES

tbd

PROCUREMENT

tbd

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Loan: Strengthening Higher Engineering Education
Concessional ordinary capital resources / Asian Development Fund US$ 70.00 million


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.

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

CONTACTS

Responsible ADB Officer Song, Gi Soon
Responsible ADB Department South Asia Department
Responsible ADB Division Human and Social Development Division, SARD
Executing Agencies
Ministry of Education
Sano Thimi
Kathmandu, Nepal

How it works

How it works