BSS, Dhaka :
Some 40,000 women and the disadvantaged people would be provided training to scale up their skill to boost income and productivity.
The training would be given under “Skills for Employment Investment Program” funded by the Switzerland government.
Now, the Swiss government will provide US$ 10 million as first tranche, which is part of the US$ 30 million grant that the Switzerland has planned to contribute to the Skills for Employment Investment Program.
The grant of US$ 10 million will be administered by the Asian Development Bank (ADB). To this end, the government of Bangladesh today signed an agreement with the ADB.
Saifuddin Ahmed, Joint Secretary of Economic Relations Division and Kazuhiko Higuchi, Country Director of Bangladesh Resident Mission, ADB put pen on the agreement paper. Siroco Messerli, Deputy Director of Cooperation of the Swiss Agency for Development and Cooperation, Dhaka attended the event.
The investment program is being implemented by the Government of Bangladesh through the Ministry of Finance. The investment program will have three tranches and will be implemented in over 7 years.
“The assistance provided by the Switzerland will support Bangladesh’s efforts to become a middle-income country by raising worker’s skills, productivity and income,” said Kazuhiko Higuchi.
“Through the grant, the Skills for Employment Investment Program will benefit from the experience and expertise of the Swiss Agency for Development and Cooperation in skills development,” added Higuchi.
The assistance under the first tranche of the investment program will target 40,000 women and disadvantaged people, including those with disabilities.
It will also support 32 public training institutions under Ministry of Education, Ministry of Expatriates’ Welfare and Overseas Employment, and Ministry of Industries; nine industry associations; a microcredit organization (Palli-Karma Sahayak Foundation); and Bangladesh Bank.
The investment program will equip over 1.25 million youths with employable skills by 2021 through a strong involvement of the private sector.
The investment program will support skills training in 15 priority sectors, starting with six sectors: garments and textiles, leather, construction, light engineering, information technology, and shipbuilding.
A major target of the investment program is to boost job placement to around 70%, from about 40% now through performance based funding.
The investment program is estimated to cost a total of $1.07 billion. In addition to $30 million from the Government of Switzerland and the $350 million ADB assistance, the investment program is expected to be complemented by $200 million from the Government of Bangladesh, $400 million from other development partners, and $90 million from the private sector. The first tranche of the ADB loan is $100 million.
Some 40,000 women and the disadvantaged people would be provided training to scale up their skill to boost income and productivity.
The training would be given under “Skills for Employment Investment Program” funded by the Switzerland government.
Now, the Swiss government will provide US$ 10 million as first tranche, which is part of the US$ 30 million grant that the Switzerland has planned to contribute to the Skills for Employment Investment Program.
The grant of US$ 10 million will be administered by the Asian Development Bank (ADB). To this end, the government of Bangladesh today signed an agreement with the ADB.
Saifuddin Ahmed, Joint Secretary of Economic Relations Division and Kazuhiko Higuchi, Country Director of Bangladesh Resident Mission, ADB put pen on the agreement paper. Siroco Messerli, Deputy Director of Cooperation of the Swiss Agency for Development and Cooperation, Dhaka attended the event.
The investment program is being implemented by the Government of Bangladesh through the Ministry of Finance. The investment program will have three tranches and will be implemented in over 7 years.
“The assistance provided by the Switzerland will support Bangladesh’s efforts to become a middle-income country by raising worker’s skills, productivity and income,” said Kazuhiko Higuchi.
“Through the grant, the Skills for Employment Investment Program will benefit from the experience and expertise of the Swiss Agency for Development and Cooperation in skills development,” added Higuchi.
The assistance under the first tranche of the investment program will target 40,000 women and disadvantaged people, including those with disabilities.
It will also support 32 public training institutions under Ministry of Education, Ministry of Expatriates’ Welfare and Overseas Employment, and Ministry of Industries; nine industry associations; a microcredit organization (Palli-Karma Sahayak Foundation); and Bangladesh Bank.
The investment program will equip over 1.25 million youths with employable skills by 2021 through a strong involvement of the private sector.
The investment program will support skills training in 15 priority sectors, starting with six sectors: garments and textiles, leather, construction, light engineering, information technology, and shipbuilding.
A major target of the investment program is to boost job placement to around 70%, from about 40% now through performance based funding.
The investment program is estimated to cost a total of $1.07 billion. In addition to $30 million from the Government of Switzerland and the $350 million ADB assistance, the investment program is expected to be complemented by $200 million from the Government of Bangladesh, $400 million from other development partners, and $90 million from the private sector. The first tranche of the ADB loan is $100 million.
