WASHINGTON, June 14, 2019— .
Basic human development indicators are high in Maldives, with the adult literacy rate at 98.6 percent and life expectancy at 77.6 years. , and fulfill the vision for a climate sensitive Blue Economy.
“The Maldivian youth hold the key to the country’s future prosperity,” said Idah Z. Pswarayi-Riddihough, World Bank Country Director for Maldives, Nepal and Sri Lanka. “We are happy to partner with the Government to develop ‘A 21st Century Skills Development Strategy’ and test a diversified approach to skills and entrepreneurship that are responsive to the demand-led labor markets and the needs of the local population, particularly the most vulnerable groups.”
This project will also focus on improving female labor-force participation in Maldives by fostering new skills development, such as programming bootcamps to empower young women to pursue home-based work in ICT-related services.
Shobhana Sosale, Adja Mansora Dahourou, and Harsha Aturupane, Project Task Team Leaders from the World Bank highlighted that “Diversified skills and entrepreneurship development will help Maldivian youth to become more employable, harnessing their contribution to the development of the country and promoting the well-being of their communities. .”
The new Enhancing Employability and Resilience of Youth Project will be co-implemented by the Ministry of Higher Education and Ministry of Economic Development along with island administrative councils, city councils, and women’s committees participating in the project. The total project cost is $20 million, including a $10 million grant and a $10 million credit from the International Development Association.