<div><h4>Description</h4><p>Bangladesh became a lower middle-income country in 2015 and has the vision to become an upper middle income country by 2030 and a developed country by 2041 (Vision 2041). Its gross domestic product (GDP) growth rate averaged 7.0% during fiscal year 2015-2019 and is expected to reach 8.5% by 2025 despite the impact of the coronavirus disease (COVID-19) pandemic. This strong growth has been mainly driven by the ready-made garment industry. Achieving the Vision 2041 requires export diversification and productivity growth. Light engineering, electronics, information, and communication technology (ICT), and agriculture and food processing, are potential growth drivers according to government plans. Productivity growth in these industries, as well as labor intensive industries such as construction, will be critical for raising the national competitiveness in attracting foreign investment and promoting exports. Emerging industry 4.0 technologies (IR4, e.g., internet of things, 3-D printing, big data, and automation) provide both challenges and opportunities for Bangladesh in sustaining its high growth path. The future growth should also be resilient to climate change that could result in a 6.8% loss in GDP per year by 2030 if not addressed.</p><h4>Impact</h4><p><p>Access to decent employment and competitiveness in the global market improved.</p></p></div>

TVET Teachers for the Future

Bangladesh: tvet teachers for the futureproject name tvet teachers for the futureproject number 56291-001country economy bangladeshproject status proposedproject type modality ofassistanceloansource of funding amountloan: tvet teachers for the futureordinary capital resources us 100.00 millionconcessional ordinary capital resourceslendingus 50.00 millionoperational prioritiesop1: addressing remaining poverty and reducing inequalitiesop2: accelerating progress in gender equalityop3: tackling climate change, building climate and disasterresilience, and enhancing environmental sustainabilityop6: strengthening governance and institutional capacitysector subsectoreducation education sector development - technical andvocational education and traininggender effective gender mainstreamingdescriptionbangladesh became a lower middle-income country in 2015 andhas the vision to become an upper middle income country by 2030and a developed country by 2041 vision 2041. its gross domesticproduct gdp growth rate averaged 7.0 during fiscal year2015-2019 and is expected to reach 8.5 by 2025 despite theimpact of the coronavirus disease covid-19 pandemic. thisstrong growth has been mainly driven by the ready-made garmentindustry. achieving the vision 2041 requires export diversificationand productivity growth. light engineering, electronics,information, and communication technology ict, and agricultureand food processing, are potential growth drivers according togovernment plans. productivity growth in these industries, as wellas labor intensive industries such as construction, will be criticalfor raising the national competitiveness in attracting foreigninvestment and promoting exports. emerging industry 4.0technologies ir4, e.g., internet of things, 3-d printing, big data,and automation provide both challenges and opportunities forbangladesh in sustaining its high growth path. the future growthshould also be resilient to climate change that could result in a6.8 loss in gdp per year by 2030 if not addressed.project rationale andlinkage tocountryregionalstrategyto address the challenges in tvet sub-sector, national skillsdevelopment policy was approved in 2011 to provide the visionand direction for skills development with major commitments andkey reform. based on this policy bangladesh approved theintegrated tvet action plan tvet action plan, 2020-2030 byaligning with vision 2041 and sustainable development goals2030, underpinning five core foundations: i policy and projectformulation; ii industry-institute linkage; increased tvetenrollment; iv curriculum development; and v job marketassessment and employment for systematic tvet development.bangladesh is implementing the tvet action plan by adopting amulti-pronged approach for holistic strengthening of tvet throughleveraging various government and development partners'resources. the technical and madrasah education division tmedof the ministry of education moe is the primary governmentagency for the tvet action plan. assessing that inadequate tvetteacher quality is the major unaddressed constraint hinderingtvet performance, adb proposes to support the tvet action planby prioritizing tvet teacher system development.impactaccess to decent employment and competitiveness in the globalmarket improved.outcome .outputs .geographicallocationnation-widesafeguard categoriesenvironment binvoluntary resettlement cindigenous peoples csummary of environmental and social aspectsenvironmental aspectsinvoluntary resettlementindigenous peoplesstakeholder communication, participation, and consultationduring project designduring project implementationresponsible adb officer li, zhigangresponsible adb department sectors groupresponsible adb division human and social development sector office sg-hsdexecuting agenciestechnical and madrasah education division, ministry ofeducationtimetableconcept clearance 23 nov 2023fact finding 15 apr 2024 to 15 apr 2024mrm 10 nov 2022approval -last review mission -last pds update 23 nov 2023project page https:.adb.orgprojects56291-001mainrequest forinformationhttp:.adb.orgformsrequest-information-formsubject=56291-001date generated 16 april 2024adb provides the information contained in this project data sheet pds solely as a resourcefor its users without any form of assurance. whilst adb tries to provide high quality content,the information are provided as is without warranty of any kind, either express or implied,including without limitation warranties of merchantability, fitness for a particular purpose,and non-infringement. adb specifically does not make any warranties or representations asto the accuracy or completeness of any such information.source url: https:.adb.orgprojects56291-001main

Download Project PDF

EU Calls: Credit © European Union, 1998-2024 under <a href="http://creativecommons.org/licenses/by/4.0/">CC BY 4.0 licence</a>