Can Results-Based Financing Improve the Effectiveness of Short-Term Education and Skills Training Programs?

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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Bibliographic Details
Main Author: World Bank
Format: Brief
Language:English
Published: World Bank, Washington, DC 2021
Subjects:
SKILLS DEVELOPMENT
TRAINING PROGRAM
UNEMPLOYED YOUTH
EDUCATION FOR ALL
RESULTS-BASED FINANCING
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
id okr-10986-35781
recordtype oai_dc
spelling okr-10986-357812021-06-22T05:11:12Z Can Results-Based Financing Improve the Effectiveness of Short-Term Education and Skills Training Programs? World Bank SKILLS DEVELOPMENT TRAINING PROGRAM UNEMPLOYED YOUTH EDUCATION FOR ALL RESULTS-BASED FINANCING 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. 2021-06-21T15:35:34Z 2021-06-21T15:35:34Z 2021-06-07 Brief 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 English RBF Education; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Brief
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic SKILLS DEVELOPMENT
TRAINING PROGRAM
UNEMPLOYED YOUTH
EDUCATION FOR ALL
RESULTS-BASED FINANCING
spellingShingle SKILLS DEVELOPMENT
TRAINING PROGRAM
UNEMPLOYED YOUTH
EDUCATION FOR ALL
RESULTS-BASED FINANCING
World Bank
Can Results-Based Financing Improve the Effectiveness of Short-Term Education and Skills Training Programs?
relation RBF Education;
description 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.
format Brief
author World Bank
author_facet World Bank
author_sort World Bank
title Can Results-Based Financing Improve the Effectiveness of Short-Term Education and Skills Training Programs?
title_short Can Results-Based Financing Improve the Effectiveness of Short-Term Education and Skills Training Programs?
title_full Can Results-Based Financing Improve the Effectiveness of Short-Term Education and Skills Training Programs?
title_fullStr Can Results-Based Financing Improve the Effectiveness of Short-Term Education and Skills Training Programs?
title_full_unstemmed Can Results-Based Financing Improve the Effectiveness of Short-Term Education and Skills Training Programs?
title_sort can results-based financing improve the effectiveness of short-term education and skills training programs?
publisher World Bank, Washington, DC
publishDate 2021
url 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
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