Investments in Education Make the Grade

International Education Week 2009 (Nov 16-20) is an occasion to celebrate the benefits of worldwide learning and exchange. International cooperation prepares citizens in every country to live, work and compete in the global economy. MCC is working with partner nations to improve their education and training systems so that students learn the skills to get good jobs and boost economic growth in their countries and communities.

Youth development is central to a healthy, skilled and productive workforce. Investing in human capital through education and training is critical for improving productivity and economic growth and for reducing poverty and unemployment. About 36 percent of MCCs $358 million direct investment in education is focused on youth development through technical and vocational education and training (TVET).

In El Salvador, working through FOMILENIO (which is the government entity accountable for compact implementation), MCC is helping to renovate 20 middle technical schools, revise curricula, train instructors, and provide scholarships to deserving students, who will get jobs in agronomy, tourism and information technology—all areas crucial to the development of the country’s northern zone.

In Mongolia, MCC’s investment is helping to reform the TVET legal and policy framework so that schools are financially sustainable and can respond effectively to labor market demand. Competency-based curricula are being developed in key sectors like mining and construction. Selected schools are being renovated and equipped with modern technology and teachers trained in its use.

In Namibia, MCC supports community-based resource and study centers to provide basic job skills and information services for unemployed youth and low-skilled adults. Also, the MCC investment is helping the National Training Authority develop demand-led programs, and a National Training Fund will ensure that the TVET system is financially viable.

In Morocco, TVET focuses on key artisan trades (leather, wood, metal, pottery, and textiles) whose products are in demand in the home, export and tourist markets. About 15 schools will be renovated and equipped with facilities to teach students the skills needed by employers and the market.

International Education Week is a great moment for MCC, partner countries and agencies to highlight the strategic importance of youth development. The links between education and economic growth, income distribution and poverty reduction are well established. Income, productivity and growth are closely linked to educational opportunity. Strengthened TVET programs are particularly valuable for developing countries with large youth populations in need of the skills that lead to decent jobs, which in turn drive growth and reduce poverty.