UWI Open Campus Development Project (CDB-2013-UWICAMPUS)

Countries
  • St. Lucia
  • St. Vincent and the Grenadines
Geographic location where the impacts of the investment may be experienced.
Specific Location
Cave Hill, Five Islands, Mona, St. Augustine, Bridgetown
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
  • Caribbean Development Bank (CDB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
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."
Voting Date
Dec 12, 2013
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
The University of the West Indies
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Construction
  • Education and Health
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant, Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Loan Amount (USD)
$ 13.00 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.
Grant Amount (USD)
$ 0.16 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.
Project Cost (USD)
$ 19.41 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 @ CDB website

Updated in EWS Jun 22, 2023

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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 CDB, the project will enhance the capacity of the University of the West Indies Open Campus to increase enrolment and provide quality tertiary education and training in Saint Lucia and St. Vincent and the Grenadines. The project will also upgrade skills for employability, consistent with national and regional development imperatives.

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

The University of the West Indies will contribute to the project with an amount of USD 6,247,000.

Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

As stated on the institution's website, for over seven decades, The University of the West Indies (The UWI) has provided service and leadership to the Caribbean region and wider world.
The Open Campus is the online campus in The UWI system, with the same rigour and high educational standards that The University of the West Indies is known for regionally and internationally.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - The University of the West Indies Parent Company Education and Health
- - - - The University of the West Indies Open Campus Client Education and Health

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.

CDB Team Leaders:

Ms. Deidre Clarendon - Division Chief, Social Sector Division
Email: clarend@caribank.org
Phone: +246 431-1656

Stephen Sandiford - Portfolio Manager (Ag.), Social Sector Division

Borrower - The University of the West Indies:

Address: Kingston 7, Jamaica, W.I.
Phone: +1 876 927-1660-9 Exts. 2336/2339
Fax: +1 876 927-0253
Email: vcoffice@uwimona.edu.jm
Website: https://www.uwi.edu/

Implementing Agency - The University of the West Indies Open Campus:

Address (HQ): Bridgetown, St. Michael, Barbados
Website: https://www.open.uwi.edu/
A complete list of addresses and contacts of the Agency can be found at this link.

ACCOUNTABILITY MECHANISM OF THE CDB

Complaints about suspected fraud and/or corruption may be submitted to the Office of Integrity, Compliance and Accountability. Allegations may be made by a variety of sources including staff, consultants, contractors, and other persons who may consider themselves participants in, witness to or victims of wrongdoing.

To make a complaint, access the following webpage: https://secure.ethicspoint.com/domain/media/en/gui/55678/index.html.

How it works

How it works