World Bank loan to boost employment and skills in Kazakhstan

9 Apr 15

Kazakhstan is to receive a $100m loan from the World Bank to improve employment outcomes and skills of its current workforce.

The bank said the new Skills and Jobs Project will increase access to relevant training for the working-age population and is expected to yield economic benefits.
The project aims to improve the public employment services, and enhance the capacity of training centres and institutions to deliver skills development programs in line with market demand.
Ludmilla Butenko, World Bank country manager for Kazakhstan, said the project aims to contribute to Kazakhstan’s national goal of diversifying its economy and increasing the productivity and earning capacity of the working-age population.
‘Education and acquiring relevant skills largely determine access to higher paid quality jobs,’ Butenko said. 
  • Judith Ugwumadu
    Judith Ugwumadu

    Judith writes about public finance, public services and economics across Public Finance International and Public Finance. She previously undertook reporting stints at Financial Adviser, Global Security Finance and The Sunday Express.

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