The European Bank for Reconstruction and Development launches sector skills platform in Egypt’s electrical industry
September 11, 2019
Stepping up the fight against youth unemployment in Egypt, the European Bank for Reconstruction and Development (EBRD), together with business associations and donor support, is launching the first sector-skills platform for the electrical equipment and cable industry in Egypt.
The initiative will devise strategies to improve skills of the labour force in the sector and facilitate cooperation between employers, public authorities, social partners and other stakeholders.
The platform will promote skills, human capital policies and national occupational standards by identifying gaps in technical skills and by helping to set up training programmes in coordination with vocational institutions and schools. It will also introduce specific qualifications and certifications of standards.
Egypt is a founding member of EBRD. Since the start of its operations in Egypt in 2012, the Bank has invested over €5 billion in 96 projects in the country. In 2018, Egypt was the largest EBRD country of operations in terms of new commitments.