Quick Facts

Countries:
Where the impacts of the investment may be experienced.
  • Philippines
Banks:
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: 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.
Board Decision Date: 2017-05-23
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: Government of the Philippines
The holder of the loan, grant, or other investment.
Sectors:
The service or industry focus of the investment. A project can have several sectors.
  • Education and Health
  • Technical Cooperation
Investment Type(s): Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD): $ 370.00 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): $ 370.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.

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Primary Source

Original disclosure @ ADB website
Updated in EWS: 2017-07-13
Disclosure Date: 2016-02-10
Facilitating Youth School-to-Work Transition Program, Subprogram 1
ADB-49117-002

Project Description
The TA supports the public sector management pillar of the country partnership strategy, 2011–2016 and the employment generation pillar of the draft country operations business plan, 2016–2018. It is designed as part of a programmatic approach to help address part of the youth employment problem. The programmatic approach includes the Increasing Competitiveness for Inclusive Growth Program loan, 3 2011 to 2014, which included measures to promote a competitive labor market, supported by large scale TA to implement the JSP pilot project aimed at testing strategies to help young people find decent employment (footnote 1). These interventions were followed by the TA requested by DOLE to set up the institutional structure for the JSP rollout, to be followed by a sector development program loan called Facilitating Youth School-to-Work Transition, which is planned for delivery in 2016. This will include a project loan for JSP rollout. Previous consultations on plans for a national rollout were held on an intermittent basis from November 2014 to July 2015, and these consultations benefited from previous TA implementation review missions under the JSP pilot project.
Investment Description
Contact Information
Department of Finance DOF Building Bangko Sentral ng Pilipinas Complex Roxas Blvd., Manila, Philippines 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
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