Help has finally reached the remote areas of Abra affected by Wednesday’s 7.0-magnitude earthquake with the Department of Social Welfare and Development airlifting foodpacks to distraught residents.
$400 Million ADB Loan to Help Lift Youth Employment in the Philippines
News Release | 27 July 2021
MANILA, PHILIPPINES (27 July 2021) The Asian Development Bank (ADB) has approved a $400 million policy-based loan to support the Philippine government’s efforts to expand youth employment and skills programs to help young Filipinos find quality jobs.
The Facilitating Youth School-to-Work Transition Program, Subprogram 3, builds on nearly a decade of ADB support to the government in shortening the time at-risk young Filipinos spend to find work after leaving school. The program will assist the Department of Labor and Employment (DOLE) in boosting the job facilitation capacity of Public Employment Services Offices (PESOs) nationwide, strengthening labor market programs, improving workplace skills development, and creating a healthy work environment.
Published July 27, 2021 10:37am Manila-based multilateral lender Asian Development Bank (ADB) on Tuesday announced it has approved a $400 million policy-based loan to support the Philippine government in expanding youth employment and skills development programs to help young Filipinos find quality jobs. In a statement, the ADB said its Facilitating Youth School-to-Work Transition Program, Subprogram 3, “builds on nearly a decade of ADB support to the government in shortening the time at-risk young Filipinos spend to find work after leaving school.” The multilateral lender said the program will assist the Department of Labor and Employment (DOLE) in boosting the job facilitation capacity of Public Employment Services Offices (PESOs) nationwide, strengthening labor market programs, improving workplace skills development, and creating a healthy work environment.
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