Fact-finding mission Education

10/02/2014

21 representatives of German and Austrian companies joined a fact-finding mission in Washington, D.C., to learn more about the projects of the World Bank and the Inter-American Development Bank in the field of education. The project managers of both banks focused their presentations on so-called pipeline projects, meaning projects which are still in the preparation stage and have not yet been passed by the directorate of the banks. Early information on upcoming proposals helps the companies to prepare themselves properly for their upcoming proposals.

The World Bank has deployed about $3 billion into the education sector in the budget year 2013. Currently, the bank is managing a $9.5 billion portfolio of education-related projects in 72 countries. The total volume of loans available in 2013 was approximately $32 billion. Presentations about the procurement processes of the banks gave insight into the strategies of placing offers. 

The program ended with a workshop held by RGIT about Vocational and Educational Training (VET) in the United States. Representatives from the U.S. Department of Labor, think tanks and community colleges provided information on the status quo of vocational training in the United States.