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$400 Million ADB Loan to Help Lift Youth Employment in the Philippines


$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.     ....

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