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SKILLS FOR COMPETITIVENESS
IN CAMBODIA
Project name:
Cambodia: Skills for Competitiveness Project (50394-002)
Year:
2019
Funding:
Concessional ordinary capital resources lending / Asian Development Fund -
$ 60.00 million
Agence Francaise de Developpement -
$ 19.92 million
Government- $8.31 million
Modality:
Loan
Department:
SERD
Sector:
Education
Team:
Yumiko Yamakawa Sophea Mar
The project site: sdfcambodia.org
CHALLENGES:
The low-skilled base of Cambodia poses barriers to diversify and modernize its industries, move up global value chains, and increase competitiveness
The current level of public TVET financing is insu cient and not responsive to labor market needs
SOLUTION
Established in the Ministry of Economy and Finance to foster engagements and cost sharing of training programs with industry
Pilot
SDF skills development
fund
Industry demand-driven workforce development financing mechanism
$5 million
allocated by the government
with
ADB technical assistance
to establish the governance structure, operational mechanism, and financial management
Encourages joint financing with industry
Focus on upskilling and reskilling current workers
E ectively stimulate resource mobilization to build skilled workforce that are valued and needed by the market
The skills for competitiveness project will
strengthen the governance and implementation structure of the pilot SDF
finance training proposals with additional $7 million
support policy studies and knowledge products including a long-term skills development road map
Expand
pilot SDF to provide training opportunities for at least 3,500 person in labor force
NEXT STEPS
Develop
the capacity of government agencies to strengthen the management of the fund
Establish
a new SDF agency