The Crystal Ball for Jobs of the Future in Costa Rica (IADB-CR-T1174)

Countries
  • Costa Rica
Where the impacts of the investment may be experienced.
Financial Institutions
  • Inter-American Development Bank (IADB)
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
C
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
Mar 30, 2018
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
Costa Rican Investment Promotion Agency
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 Amount (USD)
$ 1.00 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)
$ 2.80 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 @ IADB website

Updated in EWS Jul 2, 2018


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Project Description

According to the Inter-American Development Bank, this project will create a mechanism to help match the supply of knowledge economy jobs with the demand for them. The project will finance the development of an artificial intelligence-based digital employment orientation platform. 

The project consists of the following components:

  1. Design and development of the digital employability platform
  2. Innovative short training, financing, and prospecting
  3. Communication an strategic dissemination. 
People Affected By This Project

The Bank says 30,000 users registered with the platform; 10,000 people certified in techniques, technologies, and skills for the jobs of the future; 7,000 people with new skills enabling them to remain in the labor market; 1,500 people employed in new knowledge-intensive jobs; and 600 companies registered on the platform will be the beneficiaries of this project.

Investment Description
  • Inter-American Development Bank (IADB)

Counterpart Costa Rica United States Fodation for Cooperation (CRUSA) funding: US$1.0 million

Counterpart Costa Rican Investment Promotion Agency (CINDE) and others funding: US$0.8 million 

The Bank has not specified what type of investment it will provide.

Contact Information

ACCOUNTABILITY MECHANISM OF IADB

The Independent Consultation and Investigation Mechanism (MICI) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an Inter-American Development Bank (IDB) or Inter-American Investment Corporation (IIC)-funded project. If you submit a complaint to MICI, they may assist you in addressing the problems you raised through a dispute-resolution process with those implementing the project and/or through an investigation to assess whether the IDB or IIC is following its own policies for preventing or mitigating harm to people or the environment. You can submit a complaint by sending an email to MICI@iadb.org. You can learn more about the MICI and how to file a complaint at http://www.iadb.org/en/mici/mici,1752.html (in English) or http://www.iadb.org/es/mici/mici,1752.html (Spanish).