CDB Pushing TVET Lending
Vice- President Operations Caribbean Development Bank Monica La Bennett,
(Jamaica Gleaner) With youth unemployment still a
major social concern facing the region, the Caribbean Development Bank
(CDB) has strategically been lending money to countries to set up
technical and vocational education and training (TVET) centres in an
effort to build workforce capacity.
The average unemployment rate across Latin America and the Caribbean
stood at approximately 17.9 per cent in 2018, according to the
International Labour Organization.
CDB Vice-President of Operations Monica La Bennett said that TVET offered opportunities for people to be self-employed.
“Education and training is a huge focus for the bank, and it is a
place where we can intervene. We can work with countries and say, ‘Let
us look at TVET because TVET addresses directly some of the issues of
youth unemployment and youth employability’.
Read more at: Jamaica Gleaner
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