Education for Employment Sector Development Program (ADB-50399-003)

Countries
  • Laos
Where the impacts of the investment may be experienced.
Specific Location
Nationalwide
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
Proposed
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.
Borrower
Lao People's Democratic Republic
The holder of the loan, grant, or other investment.
Sectors
  • Education and Health
  • 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)
$ 50.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 50.00 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)
$ 50.00 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 Jan 30, 2019

Disclosed by Bank Nov 7, 2018


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Project Description

According to the bank document, "the proposed Education for Employment Sector Development Program (EESDP) will strengthen human capital in the Lao People's Democratic Republic (Lao PDR) and support inclusive growth and economic diversification. The policy-based loan will support reforms to align secondary education, technical and vocational education and training (TVET), and higher education with the country's workforce needs.
This includes enhancing the role of secondary education in preparing youth for employment, enhance the quality and relevance of secondary education and increase completion rates. The investment project will build capacity in the Ministry of Education and Sport (MOES) to align secondary education, TVET, and higher education with skill demand".

Investment Description
  • Asian Development Bank (ADB)

Loan: Education for Employment Sector Development Program (ADB) US$ 50.00 million

Contact Information

Project Contact

Ministry of Education and Sports
Lane Xang Avenue
Vientiane
Lao People's Democratic Republic

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