The World Bank has approved USD 550M in financing for two programs aimed at improving skills, employment, and social protection in Tanzania. The initiatives are expected to benefit more than 3 million people through training, job creation, and targeted support for vulnerable households.
The funding, provided by the International Development Association (IDA), will support the Second Education and Skills for Productive Jobs (ESPJ-II) Program with USD 300M and the Tanzania Productive Social Safety Net III (PSSN III) with USD 250M. The two programs are designed to expand employment pathways for youth, improve access to industry-led training, and strengthen social protection systems for vulnerable households facing economic and climate-related shocks.
ESPJ-II aims to benefit around one million Tanzanians, with at least 45% women, by increasing the number of graduates with job-relevant skills aligned with priority sectors of the economy. The program is expected to support more than 656,000 graduates in securing new or improved employment and contribute to a 10% increase in real income for individuals re-entering the labor market. It also seeks to align approximately 80% of targeted medium-to-advanced technical training programs with industry needs while addressing skills mismatches, gaps in training quality, and unequal access to technical and vocational education.
Read more at: https://www.tanzaniainvest.com/economy/world-bank-550m-skills-jobs-social-protection
