Where the impacts of the investment may be experienced.
Location: Guangxi Zhuang Autonomous Region
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International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
- Asian Development Bank (ADB)
Bank Risk Rating: A
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.
Borrower or Client: Government of People's Republic of China
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The service or industry focus of the investment. A project can have several sectors.
- Education and Health
Investment Type(s): Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD): $ 300.00 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): $ 500.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
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Guangxi Modern Technical and Vocational Education and Training Development Program
The proposed program will upgrade the schooling environment, improve the quality of technical and vocational education and training (TVET) standards and teaching, strengthen school-enterprise partnerships, and promote regional cooperation through partnership with institutions in the ASEAN region and strengthen management capacity of TVET system.
Guangxi Zhuang Autonomous Region is located in southwestern part of the People's Republic of China (PRC) along the maritime belt, and sharing a long border with Viet Nam. In March 2015, President Xi Jinping urged Guangxi to become the PRC's pathway to the Association of Southeast Asian Nations (ASEAN), a new strategic pivot in southwest and central part of the PRC's opening up, and a dynamic portal connecting the Silk Road Economic Belt and the 21st Century Maritime Silk Road (Belt and Road Initiative). The Belt and Road Initiative extends PRC's opening-up frontiers to western part of the PRC and the border regions, making Guangxi a direct beneficiary. Ranking 27 out of 31 provinces in the PRC, Guangxi is among the poorer with a per capita gross domestic product (GDP) of about CNY35,000 in 2015 (70% of the national per capita GDP). Guangxi has the largest ethnic minority population in the PRC, comprising 11 ethnic groups and making up 38% of a total population of about 55.2 million in 2015. A significant 12.6% (compared to 6.1% national average), or 6.95 million, of the population lives below the national poverty line (CNY2,300/year). However, it is also among the fastest growing economies averaging 10% growth over the last 3 years.
- Asian Development Bank (ADB)
KfW Bankengruppe US$ 200.00 million
Guangxi Zhuang Autonomous Region Govt (GZARG)
No. 1 Minle Road, Nanning, Guangxi
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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