Supporting the Advanced Knowledge and Skills for Sustainable Growth Project (ADB-50395-007)

Countries
  • Indonesia
Where the impacts of the investment may be experienced.
Specific Location
Bandung, Jambi City, Lhokseumawe / Malikussaleh, Riau
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
  • 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
Approved
Bank Risk Rating
U
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
Nov 29, 2018
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
Republic of Indonesia
The holder of the loan, grant, or other investment.
Sectors
  • Education and Health
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 1.15 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)
$ 266.52 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 Mar 27, 2019

Disclosed by Bank Dec 11, 2018


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Project Description

The Advanced Knowledge and Skills for Sustainable Growth Project seeks to improve Indonesia's higher-education system to support sustainable economic growth. The project was approved by the ADB board of directors on 29 November 2018.

The project will upgrade four public universities:

1/ The University of Malikussalleh,

2/The University of Jambi,

3/The University of Riau in Sumatra; and

4/The Indonesia University of Education in Bandung, West Java

In order to provide high-quality and demand-based programs for those schools. The project is aligned with the National Medium-term Development Plan (RPJMN), 2015 2019, and the Asian Development Bank (ADB) country partnership strategy for Indonesia, which highlights the critical role of vocational and tertiary education in providing the skilled human capital needed to support Indonesia's economic growth.

The outcome will be strengthened access, relevance, and quality of targeted universities. The project has two outputs: (i) market-responsive programs delivered; and (ii) training of technical-and-vocational-education-and-training (TVET) teachers improved.

Early Warning System Project Analysis

According to the bank document, the Risk Categorization is Low. The total cost for the project is $266.52 million, with $200 million financed by a loan from ADB. Implementation of the project starts in 2019. Transaction technical assistance (TA) for $1.15 million, to be financed by the Japan Fund for Poverty Reduction, is proposed to be attached to the loan to support the implementation of the project. The project and the TA are aligned with ADB's Strategy 2030, which calls for improving education.

Investment Description
  • Asian Development Bank (ADB)

TA 9678-INO: Supporting the Advanced Knowledge and Skills for Sustainable Growth Project

Japan Fund for Poverty Reduction         US$ 1.15 million

Contact Information

Executing Agencies

Ministry of Research, Technology and Higher Education
Building D, Jalan Jenderal Sudirman,
Pintu Satu, Senayan Jakarta 10270

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