Can Results-Based Financing Improve the Effectiveness of Short-Term Education and Skills Training Programs?
Globally, an estimated 267 million youth aged between 15 and 24 are neither in education nor employed, with most of these youth residing in Sub-Saharan Africa and South Asia. This number is likely to increase substantially due to the Coronavirus (C...
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| Format: | Brief |
| Language: | English |
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World Bank, Washington, DC
2021
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| Online Access: | http://documents.worldbank.org/curated/en/842011623053357415/Can-Results-Based-Financing-Improve-the-Effectiveness-of-Short-Term-Education-and-Skills-Training-Programs http://hdl.handle.net/10986/35781 |
| Summary: | Globally, an estimated 267 million youth
aged between 15 and 24 are neither in education nor
employed, with most of these youth residing in Sub-Saharan
Africa and South Asia. This number is likely to increase
substantially due to the Coronavirus (COVID-19) pandemic.
Short-term education and skills training programs can help
unemployed and out-of-school youth acquire the
qualifications and skills they need to secure and maintain
productive jobs. Such training programs typically combine
elements of classroom education with more practical
workplace training and are offered by governments, often in
partnership with the private sector. Given the large amount
of money that governments channel into such programs, there
is a growing interest in using results-based financing (RBF)
to maximize returns on their investment. This study explored
whether the use of financial incentives for training
providers and participants improved the impact of short-term
education and skills training programs on out-of-school and
unemployed youth. |
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