| Financier | Commitments |
|---|---|
| IDA Credit | 15.00 |
| IDA Grant | 6.00 |
OECS- Skills and Innovation Project
Abstract*
The Project will achieve its development objectives by leveraging regional externalities in post-secondary education and innovation investments among OECS Member States. This is expected to promote higher quality teaching and learning, generate more relevant education programs, contribute to the development of the regional innovation ecosystem, and better prepare current and future students to thrive in the ever-changing world of work, including by... Show More
Development Objective
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.
Key Details
Project Details
P179210
Active
Victoria Levin , Monica Parra Torrado, Claudia Lopez
Organisation of Eastern Caribbean States (OECS),Saint Lucia,Grenada
December 14, 2022
(as of board presentation)
January 11, 2024
May 10, 2024
US$ 42.00 million
Ministry of Education, Youth, Sports & Culture of Grenada,Ministry of Education, Sustainable Development, Innovation, Science, Technology and Vocational Training of Saint Lucia,Organisation of Eastern Caribbean States (OECS) Commission
2024
US$ 21.00 million
N/A
July 23, 2023
January 8, 2030
Yes
BANK APPROVED
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | N/A |
| IDA Commitment | 21.00 |
| IBRD + IDA Commitment | 21.00 |
| Lending Instrument | |
|---|---|
| Grant Amount | N/A |
| Total Project Cost** | 42.00 |
Summary Status of World Bank Financing (US$ Millions) as of February 28, 2025
No data available.
| Period | Financier | Transaction Type | Amount (US$) |
|---|---|---|---|
| Jan 11, 2024 | IDA-74830 | Loan Commitment | 15,000,000.00 |
| Jan 11, 2024 | IDA-74840 | Loan Commitment | 15,000,000.00 |
| Jan 11, 2024 | IDA-E2860 | Loan Commitment | 6,000,000.00 |
Ratings
IMPLEMENTATION RATINGS
| Name | Review | Date |
|---|---|---|
| Progress towards achievement of PDO | Satisfactory | 2024-11-11 |
| Project Management | Satisfactory | 2024-11-11 |
| Financial Management | Satisfactory | 2024-11-11 |
| Monitoring and Evaluation | Satisfactory | 2024-11-11 |
| Overall Implementation Progress (IP) | Moderately Satisfactory | 2024-11-11 |
| Procurement | Moderately Satisfactory | 2024-11-11 |
COMPLETION RATINGS
No data available.
INDEPENDENT EVALUATION RATINGS
No data available.
Results Framework
No data available.