Preparing the Improved Technical and Vocational Education and Training for Employment (ADB-53083-002)

Countries
  • Papua New Guinea
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
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
Sep 19, 2019
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
Government of Papua New Guinea
The holder of the loan, grant, or other investment.
Sectors
  • Education and Health
  • Technical Cooperation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Fund
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 1.09 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 Jan 24, 2020

Disclosed by Bank Oct 25, 2019


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Project Description

According to the bank document, the project "will provide for a new governance and management framework for teacher training and Technical and Vocational Education and Training (TVET) colleges with increased independence in management and leadership and closer partnerships with industry and business" The project will also "provide technical analysis and assessments to assist the government and the ADB to develop the proposed Improved TVET for Employment."

Investment Description
  • Asian Development Bank (ADB)

Co-financing:

Government of Australia US$ 0.29 million

Contact Information

Responsible ADB Officer Chimi Thonden
Responsible ADB Department Pacific Department
Responsible ADB Division PASP
Executing Agencies
Asian Development Bank
6 ADB Avenue, Mandaluyong City 1550, Philippines
Department of Treasury
6/F The Treasury Building, Lamana Road
P.O Box 542, Waigani Drive, NCD, Papua New Guinea 

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