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ADB to support vocational education in Philippines

Xinhua
06 Dec 2022, 15:44 GMT+10

MANILA, Dec. 6 (Xinhua) -- The Asian Development Bank (ADB) on Tuesday said it has approved a 100 million U.S. dollars loan to upgrade and modernize the technical and vocational education and training (TVET) ecosystem in the Philippines to make it more responsive to new labor demands for the future.

Through a TVET supporting project, the ADB vowed to help improve training facilities and equipment in 17 selected technology institutions across the country to transform them into industry-responsive innovation centers.

It will also assist in designing new training courses, reskilling and upskilling trainers, and strengthening the institutional capacity of the government's Technical Education and Skills Development Authority.

"Industries have become increasingly globalized and are now driven by technological innovations and the rising knowledge economy," ADB Senior Public Management Economist Sameer Khatiwada said.

"TVET reform has become even more urgent to raise the skills and employability of Filipino youth and returning migrant workers so they can compete for highly skilled jobs," Khatiwada said.

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