Displaced Worker Voucher Program
This pilot program, by utilizing a public bidding process, contracts out the services of private institutions, referred to as "retraining and placement agencies," to teach new skills to pre-defined groups of unemployed workers and place them in jobs. The main objective of this project is to test new innovations with private sector participation in addressing the needs of displaced workers, including the contracting out of all services of the displaced worker program and the testing of a novel incentive payment system which establishes payment to the private contractor based on placement and performance of its displaced worker clients. This project draws on lessons learned from the voucher system developed for the coal sector in Chile which was redesigned on the basis of an analysis prepared for the MIF/HRF project.

Project Detail

Country

Chile

Project Number

TC9307291

Approval Date

December 14, 1994

Project Status

Closed

Project Type

Technical Cooperation

Sector

-

Subsector

-

Lending Instrument

Multilateral Investment Fund Instrument

Lending Instrument Code

MIF

Modality

-

Facility Type

-

Environmental and Social Impact Category (ESIC)

-

Total Cost

USD 3,043,600.00

Country Counterpart Financing

USD 1,202,703.00

Original Amount Approved

USD 1,840,897.00
Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
ATN/MH-4761-CH Non-Sovereign Guaranteed USD - United States Dollar Human Resource Facility
Operation Number ATN/MH-4761-CH
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Human Resource Facility
  • Financial Instrument: