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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