Accelerating and Strengthening Skills for Economic Transformation (WB-P167506)

Countries
  • Bangladesh
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
Proposed
Bank Risk Rating
B
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 30, 2020
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
People's Republic of Bangladesh - Ministry of Education
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 Type(s)
Fund
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 500.00 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)
$ 819.00 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 Mar 13, 2020

Disclosed by Bank Feb 3, 2020


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Project Description

The Project Development Objective is to equip Bangladeshi youth and workers, including women and the disadvantaged, with skills demanded for the future of work and improved employment prospects.

Project documents indicate a Moderate risk rating.
Most of the environmental impacts are construction-related such as generation of noise, vibration, air pollution, liquid and solid wastes and health & safety.
Given that the nature of all the referenced activities are small to medium scale and that they will be implemented within existing footprints, impacts are expected to be localized,

Investment Description
  • World Bank (WB)

WBG Financing:

International Development Association - $500M
IDA Credit - $500M

Non-World Bank Group Financing:

Counter Part financing - $300M
Borrower Recipient - $300M

Trust Funds

European Commission Development Fund - TF - $19M

Contact Information

World Bank
Mokhlesur Rahman,
Senior Operations Officer
Telephone No:5764+4351
Email:mrahman2@worldbank.org

Sabah Moyeen
Senior Social Development Specialist
Telephone No: 5764+4313
Email:smoyeen@worldbank.org

Borrower/Client/Recipient
People's Republic of Bangladesh

Implementing Agencies
Ministry of Education
Munshi Shahabuddin Ahmed
Secretary, TMED
secretary@tmed.gov.bd

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