ADB focusing on labor force quality rather than workplace numbers

2015-10-21 18:15:57

Ulaanbaatar /MONTSAME/ Minister of Labor G.Bayarsaikhan received the Country-director of the Asian Development Bank (ADB) Robert Schoellhammer and his team on October 20.

The Government attaches great importance to the implementation of the “Skill for Employment” project, funded by ADB. Costing 25 million USD of easy-term ADB credit, the Skills for Employment L3242-MON project is expected to strengthen the vocational and professional training systems that provide professional and skillful cadres for key economic sectors such as agriculture, road and construction. In other words, the project will result in better coherence between labor demand and training, and in increased employment.

Mr Schoellhammer noted that promoting employment is more important than rapid quantitative economic growth in achieving stable economic enhancement in all sectors. “The ADB has been promoting Mongolia’s labor market and has been working to increase workplaces. It is time we focused on the quality of labor force”, he said.

He also gave information about the projects on agriculture and rural development, on health of plants and livestock and on improving the food security ensuring instruments.

He requester the Minister to assist the ADB team, in charge of developing the strategic document on cooperation with Mongolia and the 2016 action plan, in having an access to the data required.