Quick Facts

Where the impacts of the investment may be experienced.
  • Bahamas
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
  • Inter-American Development Bank (IADB)
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: 2016-09-01
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 Labor and National Insurance
The holder of the loan, grant, or other investment.
The service or industry focus of the investment. A project can have several sectors.
  • Industry and Trade
Investment Type(s): Grant
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD): $ 0.12 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): $ 0.12 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 @ IADB website
Updated in EWS: 2017-06-22
Disclosure Date: 2016-06-27
Building Capacity for Skills for Current and Future Jobs

Project Description
The objective of this Technical Cooperation project is to support the Ministry of Labour and National Insurance (MLNI) and private sector stakeholders in building capacity and development of key inputs in order to establish the framework for a demand-driven apprenticeship program. Specifically, the Technical Cooperation will finance the design of a Matching Grant Facility (MGF) e-platform. The MGF e-platform will assist in the implementation of a formal and structured Apprenticeship Programme that addresses the country's skill needs in specific sectors. The expected outcome is that the Government uses the products financed with the Technical Cooperation for improved, formal and structured Pre-Apprenticeship and Apprenticeship programs implementation in Bahamas.
Investment Description
This non-reimbursable Technical Cooperation has a total cost of US$120,000, 100% of which will be financed by the IADB.
Contact Information
ACCOUNTABILITY MECHANISM OF IADB The Independent Consultation and Investigation Mechanism (MICI) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an Inter-American Development Bank (IDB) or Inter-American Investment Corporation (IIC)-funded project. If you submit a complaint to MICI, they may assist you in addressing the problems you raised through a dispute-resolution process with those implementing the project and/or through an investigation to assess whether the IDB or IIC is following its own policies for preventing or mitigating harm to people or the environment. You can submit a complaint by sending an email to MICI@iadb.org. You can learn more about the MICI and how to file a complaint at http://www.iadb.org/en/mici/mici,1752.html (in English) or http://www.iadb.org/es/mici/mici,1752.html (Spanish).
Bank Documents