Effectiveness of lending for vocational education and training: lessons from World Bank experience

Abstract

This paper reviews the Bank involvement in the vocational education and training (VET) sub-sector in the 1990s. The paper aims to do just that, by mainly seeking answers to the following questions: 1) How has the Bank performed in its lending services to its clients in VET? 2) How have VET projects performed in terms of meeting stated objectives? 3) What factors led to the success, or failure of Bank operations? Based on what has been learned, the paper provides suggestions about how the performance of future VET interventions can be improved. This review concerns itself primarily with implementation performance, and proposes measures to improve project outcomes.ICT Policy and Strategies,Health Economics&Finance,Health Monitoring&Evaluation,Teaching and Learning,Banks&Banking Reform