Guyana - Strengthening Human Capital Through Education Project : Additional Financing

Overview & Synopsis

The development objective of the Strengthening Human Capital Through Education Project for Guyana is to improve: (i) access and learning conditions in secondary education; and (ii) access to technical and vocational education and training aligned with identified labor market needs. The additional financing (AF) aims to: (i) allow the continuation and achievement of the Project’s existing activities in a context of cost overruns due to a combination of exchange rate loss and increased construction costs due to inflation; and (ii) align the Project’s activities under subcomponent 1.1 improving service delivery to support student retention and learning at the secondary level with the Ministry of Education’s revised priorities, which emphasize teacher training and coaching, and digital education. Additionally, approval is requested for a level 2 restructuring for: (i) adjustment of activities within project components; (ii) revision in component-wise allocations; (iii) adjustment of the Project results chain and framework for improved clarity; and (iv) revisions to the disbursement estimates.