The project objectives are to: (i) implement an efficient labor market brokerage system; and (ii) evaluate and execute strategies, methodologies, and procedures to help young people enter into productive life, providing them the specialization and skill levels that the private sector demands. These objectives will be achieved by providing institutional support to a newly-created YSP and establish it as a viable entity, the following achievements are anticipated after a four-year period; (i) one self-sustaining mechanism established for demand-driven skills training which matches skills/jobs seekers to training programs and income earning opportunities. This will increase the coordination between training providers; (ii) 400 persons trained in pre-employment wage earning skill areas, (at least 75% of trainees employed immediately after training); (iii) 100 persons trained in small/micro-enterprise self-employment fields (at least 50% of the trainees would have established an enterprise); (iv) strengthened a minimum of four intermediary training providers in their ability to carry out market driven skills training; and (v) have a minimum of 60 private firms and/or individual entrepreneurs participating in the program as employers, mentors, financial intermediaries and contributors to demand-driven skills training
Project Detail
Country
Belize
Project Number
TC9505465
Approval Date
June 4, 1997
Project Status
Closed
Project Type
Technical Cooperation
Sector
EDUCATION
Subsector
EDUCATION
Lending Instrument
Multilateral Investment Fund Instrument
Lending Instrument Code
MIF
Modality
-
Facility Type
-
Environmental and Social Impact Category (ESIC)
-
Total Cost
USD 992,000.00
Country Counterpart Financing
USD 200,000.00
Original Amount Approved
USD 792,000.00