OECS- Skills and Innovation Project (WB-P179210)

Regions
  • Latin America and Caribbean
Geographic location where the impacts of the investment may be experienced.
Countries
  • Anguilla
  • Antigua and Barbuda
  • British Virgin Islands
  • Dominica
  • Grenada
  • Guadeloupe
  • Martinique
  • Montserrat
  • St. Kitts and Nevis
  • St. Lucia
  • St. Vincent and the Grenadines
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
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
C
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
Jan 11, 2024
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
Organization of Eastern Caribbean States Commission, Government of Grenada, Government of St. Lucia
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 Type(s)
Grant, Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 36.00 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.
Loan Amount (USD)
$ 30.00 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)
$ 6.00 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)
$ 36.60 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 @ WB website

Updated in EWS Feb 6, 2024

Disclosed by Bank Dec 14, 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, the development objective of the Skills and Innovation Project for Caribbean is to:
(i) enhance youth transversal and advanced technical skills, strengthen regional collaboration in post-secondary education, and foster collaborative innovation; and
(ii) in case of an eligible crisis or emergency, respond promptly and effectively to it.

The project comprises of four components. The first component, fostering regional collaboration for skills and innovation in the post-secondary space will support the development of an overarching regional strategic framework for post-secondary education and of mechanisms to enhance collaboration among Organization of Eastern Caribbean States (OECS) Member States on post-secondary education, the improvement of post-secondary data at the regional level, and the development of a regional innovation ecosystem with strong participation of post-secondary institutions. It consists of following sub-components:
(i) developing regional collaboration in post-secondary education; and
(ii) fostering regional innovation ecosystems with the participation of post-secondary institutions.

The second component, strengthening post-secondary institutions and collaborative innovation will provide direct support to National Colleges and other selected post-secondary institutions in participating countries to implement regional enhancement plans (REPs), develop new or enhance existing programs for priority skills, and support collaborative innovation projects, with the objective of promoting improved learning environments and fostering better skills and innovation in the OECS to respond to increasing private sector demand for skills. It consists of following sub-components:
(i) developing and implementing regional enhancement plans;
(ii) developing programs to foster priority skills; and
(iii) enabling the innovation ecosystem and sponsoring collaborative innovation.

The third component, project management and technical assistance will provide technical assistance to support the implementation of Project activities and finance the establishment and functioning of three Project Implementation Unit (PIUs).

The fourth component, contingent emergency response component (CERC) will facilitate the use of critical resources in the event of an eligible national emergency. It will have an initial zero budget allocation but would allow for rapid reallocation of project funds in the event of an eligible natural disaster or crisis that has caused or is likely to imminently cause major adverse economic and or social impacts. 

Early Warning System Project Analysis
For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

According to the World Bank, the project E&S risk is "Low".

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.

World Bank Team Leader:

Victoria Levin - Senior Economist

No contacts provided at the time of disclosure.

Borrowers and Implementing Agencies -

Government of Grenada:

Elvis Morain - PS Education
Email: elvis.morain@gmail.com

Organization of Eastern Caribbean States (OECS) Commission:

Sisera Simon - Program Director, Education, OECS
Email: sisera.simon@oecs.int

Government of Saint Lucia:

Michelle Charles - PS Education (Ministry of Education, Human Resources)
Email: mcharles@gosl.gov.lc

ACCESS TO INFORMATION

To submit an information request for project information, you will have to create an account to access the Access to Information request form. You can learn more about this process at: https://www.worldbank.org/en/access-to-information/request-submission

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