In June 2008, the Asian Development Bank (ADB) approved a loan of $50 million to the Government of Bangladesh to finance the Skills Development Project. The project responded to the dual needs of reducing the country’s high poverty rate while continuing to foster strong economic growth. The expected outcome was a strengthened and vocational education and training capacity to provide market-responsive, short-term relevant skills training—to be indicated by (i) increased enrolments in short-term skills training, (ii) a broader reach for teacher training programs, (iii) greater industry involvement in training, and (iv) more female trainees.
This report validates the completion report's assessment of the project. IED overall assessment: Successful.