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The Asian Development Bank (ADB) said it will fund the upgrade and modernize the Philippines’ technical and vocational education and training (TVET) system to make it more responsive to new labor demands. In a statement, the Manila-based multilateral institution said the ADB approved a $100 mi
Regional TVET innovation centers that will offer higher national certificate level courses and programs will be created under the project.
ADB has approved a $100 million loan to upgrade and modernize the Philippines’ technical and vocational education and training ecosystem to make it more responsive to new labor demands from industries.
The Asian Development Bank (ADB) said on Wednesday the funds it would lend to the Philippines were expected to reach $9.4 billion under its three-year business plan for the country, with at least two-thirds of these going to infrastructure, health and employment recovery. In a statement, the Manila-based multilateral lender said its Philippines’ Country Operations Business Plan 2021–2023 would support state programs and policies designed to repair damage to the business sector and labor market, accelerate economic recovery, and expand access to public health services. Kelly Bird, ADB coun...