Tuesday June 06, 2023

ADB approves $100m loan for skills training in Pakistan

The Asian Development Bank approved a $100 million loan to help improve technical and vocational education and training (TVET) in Punjab

December 14, 2022
The Asian Development Bank. AFP
The Asian Development Bank. AFP 

ISLAMABAD: The Asian Development Bank (ADB) has approved a $100 million loan to help improve technical and vocational education and training (TVET) in Punjab province in Pakistan and ensure skills training meets the demand for jobs in the country’s priority economic sectors.

The Improving Workforce Readiness in Punjab Project will help enhance the quality and relevance of TVET to increase graduates’ employability, upgrade workers’ skills, ensure more equitable access to training for women and disadvantaged groups, and improve management and strategic planning in TVET institutions.

“Punjab makes up over half the national income and is expected to make a significant contribution to Pakistan’s post-flood recovery,” said ADB Director General for Central and West Asia Yevgeniy Zhukov.

“ADB’s project will fund demand-driven and gender-focused training to boost livelihoods and support industries that are key to Pakistan’s recovery and future growth. “ADB’s project will finance the establishment of 19 TVET centers of excellence in eight priority economic sectors: automobile assembly parts and repairs, construction, food processing, health, information and communication technology, light engineering, textiles and garments, and tourism and hospitality. They will provide programmes with linkages to industry and deploy best practices.

The project will include the development of skills training programmes using technology in response to emerging trends in the fourth industrial revolution. Given Pakistan’s high vulnerability to climate change, disaster resilience will be incorporated into the design of TVET centers of excellence while training on how to prepare for and respond to disasters will be provided.

“Workers with improved skills in key areas such as construction and agriculture will be essential to implementing stronger safety standards, building back better, and helping the country prepare for future natural hazards,” said ADB Director for Social Sectors Rie Hiraoka.

“ADB’s programme also seeks to support women and will prioritize disadvantaged groups to improve their chances of finding quality jobs and boosting their incomes. “The project includes a $2 million technical assistance grant from Japan Fund for the prosperous and resilient Asia and the Pacific, which will help to strengthen the TVET institutional framework and strategy in Punjab.”