Accelerating Higher Education Expansion and Development Operation (WB-P159995)

Countries
  • Sri Lanka
Where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
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
May 12, 2017
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 SRI LANKA
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 Amount (USD)
$ 100.00 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)
$ 100.00 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 @ WB website

Updated in EWS Dec 12, 2017

Disclosed by Bank Feb 1, 2017


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Project Description
This project aims to expand enrollment in priority disciplines, improve the quality of degree programs, and promote research and innovation in higher education.
Investment Description
  • World Bank (WB)
Contact Information
World Bank: Contact: Dr Harsha Aturupane Title: Lead Education Specialist Tel: +94-11-5561306 Email: daturupane@worldbank.org Borrower/Client/Recipient: Contact: Mr. Priyantha Ratnayake Title: Director-General, Department of External Resources, Ministry of National Policy and Economic Affairs Tel: +94-11- 2484693, 2434876 Email: dg@erd.gov.lk Implementing Agencies: Name of Agency: Ministry of Higher Education and Highways Contact: Mr Russel Aponsu Titre: Director Planning State Ministry of Higher Education and Highways Tel: +94-11-2693460 Email: aponsu@gmail.com ACCOUNTABILITY MECHANISM OF WORLD BANK The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.