ADB, Timor-Leste Sign $12 Million Grant For Skills Training

DILI, TIMOR-LESTE (31 January 2012) – Government officials and the Director General of the Asian Development Bank’s (ADB) Pacific Department recently signed a $12 million grant agreement to assist Timor-Leste in introducing and implementing mid-level skills training in the construction and automotive trades.

ADB’s Robert Wihtol participated in the signing ceremony with Finance Minister Emilia Pires. The Timor-Leste Mid-Levels Skills Training Project will contribute to the development of a skilled workforce and the growing economy.

“As well as improving the quality of vocational training in Timor-Leste, the project aims to present the country’s young, fast growing population with new opportunities for employment,” Wihtol said.

The Government of Timor-Leste’s plan to accelerate infrastructure development in the areas of roads and building construction, water supply and energy infrastructure is driving demand for skilled workers. It is expected that graduates of the skills training project will help build the infrastructure essential for national development and poverty reduction.

During his 26-27 January visit, Wihtol also met with senior government officials for discussions on ADB’s support to Timor-Leste in the lead up to ADB’s Annual Meeting in May.

ADB is helping boost economic opportunities, reconnect communities and reduce poverty in some of the most disadvantaged areas in Timor-Leste through infrastructure development, technical assistance for microfinance, support for private sector development, and building knowledge within government agencies.

Since ADB began operations in Timor-Leste in 1999, the country has received six grants totaling $52.8 million from the Trust Fund for East Timor, three Asian Development Fund (ADF) grants totaling $62.0 million, and 31 technical assistance (TA) grants totaling $29.11 million.

ADB, based in Manila, is dedicated to reducing poverty in Asia and the Pacific through inclusive economic growth, environmentally sustainable growth and regional integration. Established in 1966, it is owned by 67 members -- 48 from the region.

ENDS

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