Economic Inclusion and Resilience of NEET Youth in Bangladesh (WB-P178077)

Regions
  • South Asia
Geographic location where the impacts of the investment may be experienced.
Countries
  • Bangladesh
Geographic location 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
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."
Voting Date
May 2, 2022
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
People's Republic of Bangladesh
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 Amount (USD)
$ 300.00 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.
Project Cost (USD)
$ 400.00 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.
Primary Source

Original disclosure @ WB website

Updated in EWS May 5, 2022

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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 World Bank project page, the objective of the proposed project is to promote economic inclusion and resilience of the youths who are not in employment, education, or training (NEET) in Bangladesh.
 
The proposed project will help Bangladesh to achieve SDG 8.6 - reducing the share of NEET population and help the country to establish a system of converting its NEET youth to a productive workforce in various economic sectors with special emphasis on rural women and disadvantaged groups through (i) introducing a holistic approach to youth development, with interventions targeting acquisition of in-demand skills, improvement of psychosocial well-being and resilience, and creating an enabling environment for participation and inclusion; (ii) continuous support at every step, including information and outreach, skills training, and transition to the labor market for wage employment or self-employment / entrepreneurship; (iii) multimodal engagement with the local private sector as potential employers, as providers of work-based learning, and as providers of information on skills demands and skills gaps; (iv) a selection model with eligibility criteria to ensure strong focus on inclusion of underserved NEET youth, particularly of young women and disadvantaged; (vi) strengthening the capacity of state and non-state actors, including private sector and CSOs, to support youth development, better coordination, research and tracking of youths and monitoring and evaluation.

The project will be implemented by an integrated Project Management Unit, under the leadership of the MoYS, and partner agencies from the Ministry of Education, and other relevant Ministries, supported by implementing partners such as NGOs and community-based organizations.

The Ministry of Youths and Sports (MoYS) will be implementing the project partnering with the BOU and NGOs in coordination with the Department of Youth Development (DYD), Directorate of Sports, National Sports Council, Bangladesh Krira Shikkha Protishtan (BKSP) and the local government authorities at the Union, Upazila and Districts. The MoYS and it’s implementation partners have no prior experience of implementing World Bank financed project therefore, they are new to the World Bank Environmental and Social Framework (ESF) requirements and procedures. A detailed assessment of the capacity of the implementing and partner agencies will be carried out during preparation. Project design will include capacity risk assessments and development of related risks mitigation. Institutional capacity of the implementing agencies will need to be strengthened for implementation and coordination of other partnering ministries and non-governmental organizations.

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

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.

1.Syed Rashed Al-Zayed

Senior Economist

Telephone: 5764+4335

Email ID: salzayed@worldbank.org

 

2. Mokhlesur Rahman,

Senior Operations Officer

Telephone: 5764+4351

Email ID: mrahman2@worldbank.org

 

Ministry of Youth and Sports

 

ACCESS TO INFORMATION

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ACCOUNTABILITY MECHANISM OF THE 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. Information on how to file a complaint and a complaint request form are available at: https://www.inspectionpanel.org/how-to-file-complaint

How it works

How it works