Quick Facts

Where the impacts of the investment may be experienced.
  • Sri Lanka
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
  • Asian Development Bank (ADB)
Status: Active
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.
Board Decision Date: 2014-03-28
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 or Client: Ministry of Skills Development and Vocational Training
The holder of the loan, grant, or other investment.
The service or industry focus of the investment. A project can have several sectors.
  • Construction
  • Education and Health
  • Finance
  • Industry and Trade
  • Law and Government
Investment Type(s): Loan
The categories of the bank investment: loan, grant, etc.
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): $ 411.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.

Share This Page


Contact Us

Do you have more information on
this project, or want to get involved?
Contact EWS

Primary Source

Original disclosure @ ADB website
Updated in EWS: 2017-09-19
Disclosure Date: 2017-03-14
Skills Sector Enhancement Program

Project Description
This project furthers cooperation between the government of Sri Lanka and the Asian Development Bank to further skills and technical education through teacher training, technical training quality assurance, analysis of labor market gaps, enrolling more students, and providing financial help to 18,000 students from disadvantaged backgrounds.
Investment Description
The funding for this project comes from: Germany (Grant): US$ 15.40 million ADB (Loan): US$ 50 million Asian Development Fund/ADB (Loan): US$ 50 million World Bank (Loan): US$ 100 million Export-Import Bank of Korea (Loan): US$ 26 million
Contact Information
Ministry of Skills Development and Vocational Training SEC@YOUTHSKILLSMIN.GOV.LK Nipunatha Piyasa, No. 354/2, Elvitigala Mawatha, Colombo 05, Sri Lanka ACCOUNTABILITY MECHANISM OF ADB The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main
Bank Documents