What initiative does ADB have to enhance skills and employment for youth?

The Skills and Employability Program is a prominent initiative of the Asian Development Bank (ADB) that specifically aims to enhance skills and employment for youth. This program focuses on improving the employability of young people through targeted vocational training and skill development that aligns with the needs of the labor market. The initiative works in various ways, including partnerships with educational institutions, offering training programs, and supporting policy reforms that facilitate better career opportunities for youth.

This approach addresses the critical gap between the skills that young individuals possess and the qualifications employers seek, making it a crucial element in fostering economic growth and reducing unemployment among young populations in the region. The program not only emphasizes vocational skills but also encourages soft skills, which are increasingly recognized as essential in the modern workforce.

The other options do not represent specific initiatives of ADB focused solely on youth skills and employment, highlighting the unique relevance of the Skills and Employability Program in this context.