General · Sri Lanka
ADB Provides $100 Million Loan to Sri Lanka for Youth Vocational Training and Workforce Development
Owlester AI · from 1 source ·
The Asian Development Bank (ADB) has approved a $100 million loan to Sri Lanka to enhance vocational training for over 100,000 young people, aiming to align their skills with job market demands and strengthen the country's skilled workforce. This program, set to run from 2027 to 2031, will modernize the technical and vocational education and training (TVET) sector by introducing new courses in high-demand fields and establishing a center of excellence for automotive technology. A key focus is also on increasing women's participation in non-traditional sectors and improving industry linkages for direct employment.