ADB OKs $350M loan to boost Phl youth employment

Published by rudy Date posted on June 26, 2012

MANILA, Philippines- The Asian Development Bank (ADB) approved on Tuesday a $350-million loan to help the Philippines in policy reforms aimed at developing skills among out-of-school youth.

ADB said the “Increasing Competitiveness for Inclusive Growth Program” aims to help the youth better integrate in the labor market and develop workplace skills. The multilateral financial institution is working with the Labor Department in designing a program that will provide 1,600 youth with career counseling services, grants for vocational training and internships with employers.

The project, called MyFirstJob, is one of several programs that will be used to make the labor market more inclusive in the country. Others include the tourism industry-led skills development program and a new tourism quality assurance and accreditation system that will improve competitiveness in the tourism industry.

“There has been marked improvement in the Philippines’s global competitiveness, but regulation, lack of domestic competition in key sectors, underinvestment in infrastructure and a mismatch of skills in the labor market are keeping the country from realizing its full potential,” Kunio Senga, director general of Southeast Asia Department said. –Jovan Cerda (philstar.com)

March –
IT’S WOMEN’S MONTH!

“Respect and support women
every day of the year/s!”

Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.

Accept the National Unity Government (NUG) 
of Myanmar.  Reject Military!

#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos

Time to support & empower survivors. Time to spark a global conversation. Time for #GenerationEquality to #orangetheworld!

 

Monthly Observances:
Women’s Role in History Month
Weekly Observances:
Week 1: Environmental Week;
   Women’s Week
Week 3: Philippine Industry and “
   Made-in-the-Philippines Products Week
Last Week: Protection and Gender-Fair Treatment
   of the Girl Child Week
Daily Observances:

March 8: Women’s Rights and   
   International Peace Day;
   National Women’s Day
March 4: Employee Appreciation Day
March 15: World Consumer Rights Day
March 18: Global Recycling Day
March 21: International Day for the Elimination
   of Racial Discrimination
March 23: International Day for the Right to the Truth
   Concerning Gross Human Rights Violations
   and for the Dignity of Victims
March 25: International Day of Remembrance of the
   Victims of Slavery and the Transatlantic Slave Trade
March 27: Earth Hour

Categories

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.