Washington : The World Bank Board has approved the US$ 125 million Skills Strengthening for Industrial Value Enhancement Operation (STRIVE) aimed at improving the quality of long-term vocational training provided in Industrial Training Institutes (ITIs) and apprenticeships. STRIVE is a five-year government program which will help improve the performance of ITIs; increase the capacities of
Speaking at Sri Lanka’s first Human Capital Summit, Amit Dar, director of strategy and operations at the human development practice in the World Bank has said governments should use performance-based financing for programmes intended to match a population’s skills to demand in the economy. “Currently, nearly all public funding [in this area] is input based,” he
Bhubaneswar: Chief Minister Naveen Patnaik Wednesday proposed that the state government work together with the World Bank in a number of fields, including higher education, skill development, green energy, drought mitigation and drinking water. “We have sought support of the World Bank for our higher education system, improving rural livelihood and skill development,” said the
Dhaka – Bangladesh launched implementation of 100 million U.S. dollars additional financing provided by the World Bank for a project to strengthen technical and vocational education in the country. With the additional financing, the Washington-based lender said its total support to the project stands at 179 million U.S. dollars, with co-financing of 16.7 million U.S.
During a group discussion at Faisalabad Chamber of Commerce and Industry, a WB representative Ali Qureshi stated that The World Bank (WB) group will support the Punjab Skill Development Fund (PSDF) in launching a $15 million project to train unemployed youth in the 18-29 age bracket in marketable skills, on Monday. He said the training
Government has joined hands with the World Bank to upgrade 400 Industrial Training Institutes (ITIs) across the country, Lok Sabha was informed on Wednesday. Rajiv Pratap Rudy, Minister of Skill Development and Entrepreneurship said the collaboration with the World Bank under the Vocational Training Improvement Project (VTIP) was for up-gradation of 400 government ITIs in 34
In the second phase of its implementation this year, Skill India, the PM’s ambitious project to train lakhs of unemployed youth will focus on partnering with industry and strengthening the programmes of state governments to train youth. In that context, the centre is looking at the models of imparting skills adopted by Rajasthan, Chhattisgarh, UP,
The Minister of State (Independent Charge) for Skill Development and Entrepreneurship Shri Rajiv Pratap Rudy has said that the World Bank has funded the Vocational Training Improvement Project which envisages up-gradation of 400 Government ITIs across the Country. It also includes enhancement of knowledge and skills of ITI instructors, strengthening facilities in 14 central institutes,