and overseas job markets, skills development and vocational education has to be aligned with the market demand. The Skills and Training Enhancement Project (STEP) aims to strengthen public and private training institutions to improve the quality of skills training and employability of trainees, both at home and abroad, including those from disadvantaged socio-economic backgrounds.
Challenges
Bangladesh economy has been registering steady economic growth of around 6 percent over the past decade. As local and global economic shifts continue toward industry and services, demand for skilled manpower is expected to rise at home and abroad. A labor-surplus country, the Bangladesh government is increasingly focusing on workforce development through technical and vocational education training (TVET). This is a timely response as the country prepares to accommodate and capitalize on the ongoing demographic dividend. However, poor training quality, low employability and inadequate wages plague the TVET sector, requiring interventions for addressing these issues.
Netherlands for the World Bank 