Namibian labor force gets $7.5M World Bank boost

To help strengthen Namibia’s labor force, the World Bank, through the International Bank for Reconstruction and Development, is providing a NAD51.7 million ($7.5 million) loan for the government’s NAD2.5 billion ($375 million) Education and Training Sector Improvement Program. The bank looks at the five-year initiative as a step towards creating a sustainable supply of workers with middle to high-level skills, paving the way for equitable growth and a shift to a knowledge-based economy in Namibia. Its four priority areas for improvement are skilled labor, knowledge and innovation systems, general education and lifelong learning opportunities.

Source: Namibia: ETSIP Secures World Bank Millions (New Era)

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