Modern Skills for Better Jobs Sector Development Program (ADB-52339-001)

Countries
  • Georgia
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
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
Government of Georgia
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)
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.
Primary Source

Original disclosure @ ADB website

Updated in EWS Sep 1, 2019

Disclosed by Bank Aug 27, 2019


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Project Description

According to ADB website, the Modern Skills for Better Jobs Sector Development Program will support the government's VET program to promote job creation in high-value sectors, economic growth, and reduce poverty. The proposed outputs are 1) Quality and relevance of vocational education and training improved, 2) Private participation in vocational education and training enhanced, and 3) Inclusiveness of vocational education and training system increased.The program outputs will result in the following outcome: a responsive VET network promoting excellence in skills development established. The program will be aligned with the following impact: potential of the country's human resources maximized.

Investment Description
  • Asian Development Bank (ADB)
Contact Information

Executing Agencies: 

Ministry of Education, Science, Culture and Sports (MoESCS)
0102 Tbilisi, Dimitri Uznadze 52

Ministry of Finance
16 Gorgasali St., 0114
Tbilisi, Georgia

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