Financing skills development

This course examined strategies, mechanisms, and policies used to finance skills development systems sustainably. Participants explored public and private funding models, innovative financing instruments, and methods for effective resource allocation. The course also addressed financing for inclusive training, the roles of employers and development partners, and the connection between financing and quality assurance. Through practical examples and interactive learning, participants gained tools to design and implement context-appropriate financing strategies that support equitable and responsive skills development.

OBJECTIVES

• Understand key concepts, models, and challenges in financing skills development.

• Analyse public, private, and blended financing mechanisms.

• Explore innovative approaches to mobilizing and allocating resources.

• Assess the role of different stakeholders in financing training systems.

• Apply financing strategies that promote equity, quality, and sustainability.

CONTENT

The course content covered core themes such as the rationale for investing in skills development, public and private financing models, and cost-sharing mechanisms. It included sessions on designing funding frameworks, engaging employers and donors, and leveraging innovative instruments like training levies and results-based financing. Case studies and group discussions provided practical insights into how different countries address the financing of inclusive and sustainable skills systems.

NUMBER OF HOURS: 40