Education For Employment Ifc Bfe Mena 2011


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Education For Employment Ifc Bfe Mena 2011

  1. 1. July 2009 Concept note presented to Corporate Operating Committee, IFCMay 2010 Funding Secured – IFC & IsDB providing US$1 million each for initial work Aug. 2010 Research work underway Jan. Arab Spring 2011 April 2011 e4e Report Launch 2 Action Plans complete – Jordan (May 2011), Tunisia (June 2011)June 2011Oct. 2011 Dedicated Team in place and Implementation phase begins. IFC e4e strategy rolled out over the next 5 years 2
  2. 2. e4e Objectives & Development Impact• Improve policy and regulatory environment to promote private sector engagement • Increase access and affordability of quality post secondary education • Change mindsets on the importance of VET, entrepreneurship, soft skills training • Facilitate collaboration between civil society, educators and employers The e4e initiative is expected to impact 1 million students over the next 5 years 3
  3. 3. Market Research 5 Comprehensive literature 6 1 Literature review of the key research 2 4 review reports on E4E in the Arab 3 region 7 8 9 Conducted 1,500 youth Youth surveys across 5 countries2 survey 1 Morocco 6 Iraq 2 Algeria 7 Saudi Arabia Conducted 1,500 employer Employer surveys across 5 countries2 3 Egypt 8 Oman survey 4 Jordan 9 Yemen 5 West Bank and Gaza 9 deep dive countries representative of Conducted 200+ interviews the Arab region1 Inter- with senior business, political ▪ ~60% of GDP views and education leaders across 9 deep-dive countries ▪ ~70% of population1 For the purpose of this report, the Arab region is defined as: Algeria, Bahrain, Comoros, Djibouti, Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Mauritania, Morocco, Oman, Qatar, Saudi Arabia, Somalia, Sudan, Syria, Tunisia, United Arab Emirates, West Bank and Gaza Strip, and Yemen.2 Including Morocco, Egypt, Jordan, Saudi Arabia and Yemen 4
  4. 4. Tackling youth unemployment requires addressing The e4e action plan focuses on skillboth job creation and skill development development ▪ Both labor demand and labor Strong economic development supply are relevant for the e4e action providing need for skilled workforce plan, but the focus is on skill development ▪ Relevant questions on job creation: – How many jobs are there? In what sectors? How will that change in the next 3 years? – What are the skill requirements of Job Skill those jobs? creation development ▪ Relevant questions on skill development: – Does the education system provide the right quality and quantity of skilled graduates? ▪ In identifying opportunities, the focus is on improving skill development Well educated workforce critical for through e4e, not job creation or driving economic development economic development 5
  5. 5. Central Components of IFC’s e4e Strategy Improve operating environment for the private sector and improve public- private interactions:1 o In-depth country assessments o Standards and quality assurance Increase Supply of work-ready students:2 o Investments in university education, VET and soft skills development programs o Investment vehicles to bring other investors in the e4e investment initiatives3 Change mindsets through convening and advocacy on cross-cutting themes 6
  6. 6. “All Hands on Deck”Call to Action – act now, act decisively and act jointly • Catalyzing - promote investments by directing donor and commercial funds to relevant projects • Adding value – advocate and advise on improving regulatory framework and investment climate • Scaling up - expand provision of and access to quality education 7
  7. 7. Counterpart Stakeholder GroupPrivate Education Providers • Offerings consistent with needs • Scale up operations • Innovative business models 8
  8. 8. Counterpart stakeholder Group (cont.) Private Employers • Develop partnerships with education providers • Offer on job learning opportunities • Be part of advocacy groups to governments 9
  9. 9. Counterpart stakeholder Group (cont.)Government and Public sectorinstitutions • Promote e4e as a priority in the national agenda • Develop quality assurance mechanisms • Expand sustainable funding options 10
  10. 10. Counterpart stakeholder Group (cont.) Civil society institutions & media • Advocate to change mindsets • Bring constructive feedback to surface • Leverage endowments, grants and donations 11
  11. 11. Counterpart stakeholder Group (cont.) The Youth • Stay informed and share information • Gain experience early through internships and volunteer work • Engage your personal stakeholders in discussions of your future 12
  12. 12. e4e Leadership For more Information contact: Dahlia Khalifa Svava Bjarnason Head, e4e Team Education SpecialistEmail: Email: 13