ADB provides $150m to improve technical and vocational training
Md Shahriar Kader Siddiky, secretary of the Economic Relations Division (ERD), and Hoe Yun Jeong, ADB country director, signed the agreement at a ceremony held at ERD in Dhaka today (3 August).
The Asian Development Bank (ADB) and the Government of Bangladesh signed a $150 million loan agreement to improve technical and vocational education and training (TVET), aiming to boost decent employment and global market competitiveness.
Md Shahriar Kader Siddiky, secretary of the Economic Relations Division (ERD), and Hoe Yun Jeong, ADB country director, signed the agreement at a ceremony held at ERD in Dhaka today (3 August).
"Aligned with the country's economic diversification priorities, the program targets five key technology clusters: mechanical, electronics and electrical, information and communication technology, civil, and food and agriculture," said Hoe Yun Jeong.
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"It supports Bangladesh's priority agenda of job creation, addresses non-income dimensions of poverty and social exclusion, and enhances access to decent employment and competitiveness in the global market, aligned with the government's Integrated TVET Development Action Plan (ITDAP)," he added.
The Technical and Vocational Education and Training (TVET) Teachers for the Future Program will expand modern teacher training, especially in underserved regions, and improve both pedagogical and technical skills of educators in emerging technologies.
The program will also strengthen systems for teacher development, including management and performance reporting, ensuring more efficient and accountable educator support structures.
By the end of the program, at least 10,000 new and existing TVET teachers will receive advanced training, with the potential to positively impact over 250,000 students nationwide.
A nationwide system for continuous professional development will also be created to maintain the relevance and quality of TVET across the country.
The ADB is a leading multilateral bank that supports inclusive, resilient, and sustainable growth across Asia and the Pacific through financial tools and partnerships.
Established in 1966, ADB is owned by 69 member countries, including 50 from the Asia-Pacific region.
