TVET Teachers for the Future (ADB-56291-001)

Countries
  • Bangladesh
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."
Borrower
Government of Bangladesh - Ministry of Education
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
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)
$ 150.00 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
Primary Source

Original disclosure @ ADB website

Updated in EWS Feb 29, 2024

Disclosed by Bank Nov 23, 2023

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.

According to the Bank’s website, Bangladesh became a lower middle-income country in 2015 and has the vision to become an upper middle income country by 2030 and a developed country by 2041 (Vision 2041). Its gross domestic product (GDP) growth rate averaged 7.0% during fiscal year 2015-2019 and is expected to reach 8.5% by 2025 despite the impact of the coronavirus disease (COVID-19) pandemic. This strong growth has been mainly driven by the ready-made garment industry. Achieving the Vision 2041 requires export diversification and productivity growth. Light engineering, electronics, information, and communication technology (ICT), and agriculture and food processing, are potential growth drivers according to government plans. Productivity growth in these industries, as well as labor intensive industries such as construction, will be critical for raising the national competitiveness in attracting foreign investment and promoting exports. Emerging industry 4.0 technologies (IR4, e.g., internet of things, 3-D printing, big data, and automation) provide both challenges and opportunities for Bangladesh in sustaining its high growth path. The future growth should also be resilient to climate change that could result in a 6.8% loss in GDP per year by 2030 if not addressed.

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

Ordinary capital resources: US$ 100.00 million

Concessional ordinary capital resources lending: US$ 50.00 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.

No contacts available at the time of disclosure.

ACCESS TO INFORMATION

You can submit an information request for project information at: https://www.adb.org/forms/request-information-form

ADB has a two-stage appeals process for requesters who believe that ADB has denied their request for information in violation of its Access to Information Policy. You can learn more about filing an appeal at: https://www.adb.org/site/disclosure/appeals

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.

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How it works