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GLOBAL SOCIAL PROTECTION WEEKLY REPORT Issue 2014 Week 18 28 to 04 of May, 2014

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GLOBAL SOCIAL PROTECTION

WEEKLY REPORT

Issue – 2014 Week 18

28 to 04 of May, 2014

TIMMINT Market Intelligence Weekly Report 28 to 04 May, 2014

2

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From: TIMMINT

Market Intelligence

To:

Whom it may concern

Subject:

Weekly Status Global Social

Protection Industry.

Issue Year 2014, Week 18

Report Sections Page

SOCIAL INSURANCE 3

SOCIAL ASSISTANCE 8

LABOR MARKET

INTERVENTION 12

Latest Publications 14

Have Your Say!!

This report is considered as interactive; by joining our community you can share your opinion with other readers of our reports through www.timmint.com/blog

Here are the weekly discussions on our blog related to this report:

Who We Are Visit our website to learn more about us www.timmint.com

Disclaimer:

This report was prepared as an

account of work sponsored by the

Company. Certain information has

been obtained from published

sources and is given as of the dates

specified. All the information in this

publication is verified to the best of

the authors’ and publisher’s ability,

but neither the company nor the

Management Team makes any

warranty, express or implied, or

assumes any legal liability or

responsibility for the accuracy

completeness or the results of such

use of the information. All such

information is subject to change

without notice.

4

Australia pension age rising to 70 Following birth control reforms being adopted in the western highly populated regions and since the majority of the world’s population will be consisting of elders in the coming Century, Should this strategy be adopted by other countries to keep the world’s economy alive?

The TIMMINT Group is

specialized in providing

professional services to the

worldwide business

community.

TIMMINT Market Intelligence Weekly Report 21 to 27 April, 2014

3

8,000,000

signed up for private

coverage in state and

federal insurance

marketplaces during

the law's first

enrollment period

through April 19

5,000,000

bought plans that

comply with

Obamacare's

consumer protection

and benefit standards

85%

sought federal

subsidies to help

pay for coverage

80-90 %

has paid

SOCIAL INSURANCE

U.S. says Obamacare enrollment points to stable costs

he Obama administration predicted stable health insurance costs for consumers who have

purchased Obamacare plans, defying critics who warn that President Barack Obama's landmark

healthcare law will lead to skyrocketing premiums.

Just over 8 million Americans signed up for private coverage in state and federal insurance

marketplaces during the law's first enrollment period through April 19, according to a new

administration report released on Thursday. Outside the marketplaces, the report said, an additional 5

million people bought plans that comply with Obamacare's consumer protection and benefit standards.

Both sets of health plans sold within any given state belong to the same risk pool -- the mix of

policyholders ranging from young, healthy people to the old and sick. Larger numbers of older, sicker

customers tend to produce upward pressure on costs, forcing future premiums higher for consumers.

"We believe, based on the data that we've seen and independent data that's out there, that premiums will be

stable and that the risk pool is sufficiently large and varied to support that kind of pricing in every state," said

Mike Hash, a top healthcare reform official at the Department of Health and Human Services.

The administration runs a federal marketplace for consumers in 36 states. Fourteen states run their

own. The outlook for Obamacare premiums is a major issue in this year's congressional elections.

Republicans and some health insurers have warned of double-digit increases next year in states with

low enrollment. Other experts have said most people will see relatively moderate premium hikes in the

single digits.

Thursday's report said 12.8 million people obtained coverage through the marketplaces or government

health programs for the poor during Obamacare's open enrollment, including over 4.8 million who

gained coverage through the Medicaid and Children's Health Insurance Program (CHIP).

The total is roughly equal to the latest topline 2014 forecast from the nonpartisan Congressional

Budget Office, which predicted 6 million enrollees in private insurance and another 7 million through

Medicaid and CHIP, for a combined 13 million people.

Eighty-five percent of Obamacare marketplace applicants sought federal subsidies to help pay for

coverage, the report said. About two-thirds selected mid-quality "silver" plans, while another 20

percent chose lower-level "bronze" policies.

Among federal marketplace applicants who reported their race, 63 percent were white versus 16.7

percent who were black, 10.7 percent Latino and 7.9 percent Asian. But one-third of applicants did not

identify their racial background.

Republicans charge that the administration's private enrollment totals are inflated because the

administration has not said how many people have paid their first month's premium, which determines

official enrollment. Administration officials, insurers and independent researchers have estimated that

80-90 percent have paid.

On Wednesday, Republican lawmakers on the House Energy and Commerce Committee released a

study of insurance data showing premium payments running at only 67 percent, suggesting an actual

enrollment total of less than 6 million. The White House and Democrats dismissed the study as

misleading.

T

White Black

Latino Asian

Source: Reuters

TIMMINT Market Intelligence Weekly Report 21 to 27 April, 2014

4

Australia pension age rising to 70

ustralians born from 1965 will have to wait until they turn 70 before being eligible for the

age pension, Australian federal treasurer Joe Hockey has confirmed. The treasurer justified

the need for an increase in age pension eligibility, saying it gave people time to get their

financial arrangements in order.

Opposition Leader Bill Shorten was dismissive, telling reporters: "We don't believe the way to get the

budget doing better is by attacking the vulnerable, the poor and the sick."

Age Discrimination Commissioner Susan Ryan believes the government must address as a high priority

the needs of older people wanting to work now.

"We need to address age discrimination," she said in statement, adding the treasurer's plan provided a

window of opportunity to change employer attitudes, social infrastructure and training programs.

But even more immediately, Australians who visit the doctor are likely to have to make a $6 co-

payment, and retired politicians might have to live without some of their entitlements.

Instead, the budget would be based on solid, realistic assumptions.

"It will be the budget we were elected to deliver," he told the Australia Israel Chamber of Commerce in

Melbourne today.

Mr Hockey also said the budget would not be asking Australians to pay for entitlements politicians

receive but would never get themselves.

Earlier, he declined to confirm talk that retired politicians would lose their "gold

pass" for travel.

As well, the government should only do for people what they cannot do for

themselves "and no more".

In his strongest indication yet about a Medicare co-payment, Mr

Hockey said government services were not "magically free" and a

contribution to their delivery seemed a logical and equitable step.

The National Commission of Audit, in its report to the government, recommended a $15

charge after 15 visits.

While Mr Hockey has said the government will wait until the budget before responding to the

commission's 86 recommendations, his leader has been more forthcoming. Prime Minister Tony Abbott

ruled out abolishing a commonwealth scheme that subsidises freight transport between Tasmania and

the mainland.

Retailers are starting to worry about talk surrounding a deficit levy or higher income tax rates.

Myer boss Bernie Brookes says the department store is prepared for a potential drop-off in consumer

spending following the budget.

Nevertheless it was getting "pretty good" at working through such events, citing the global financial

crisis as an example.

Source: tvnz.co.nz

A

In his last major

speech before

the May 13

budget, Mr

Hockey vowed

there would be

no "accounting

tricks". "There is no

such thing as a

free visit to the

doctor," he

said.

BLOG Debate

Following birth

control reforms being

adopted in the

western highly

populated regions

and since the majority

of the world’s

population will be

consisting of elders in

the coming Century,

Should this strategy

be adopted by other

countries to keep the

world’s economy alive?

Click here to join

our community and

share your opinion

TIMMINT Market Intelligence Weekly Report 21 to 27 April, 2014

5

Click here to

read the latest

assessment of

the Social

Security

Pensions in India

2012 to 2014

70 Workers Joined

the Pension Fund

March and April

2014

Additional 132

Workers Enrolled

70% From the UAE

Indian

pensions in UAE to grow

n ambitious pension scheme introduced by the Indian government for workers in the

lower-income wage bracket is expected to gain momentum, a top diplomat said here on

Sunday. T P Seetharam, the Indian Ambassador to the UAE, said although only 202 Indian

workers in the UAE had enrolled in the plan, the Indian Embassy expects a boost in

enrolment by involving new agencies.

Only 70 workers had joined Mahatma Gandhi Pravasi Suraksha

Yojana (MPSY), the voluntary pension fund scheme, between April

2012 and February 2014. But 132 workers enrolled in the scheme in

March and April thanks to the involvement of a new agency, which

has engaged a money exchange centre in the enrolment process.

Seetharam was addressing a press conference at Indian Social and

Cultural Centre in Abu Dhabi.

The scheme was launched in the UAE as a pilot and it will be extended to other nations based on the

feedback from here, he said.

However, the Ministry of Indian Overseas Affairs has been promoting the scheme in India for workers in

17 countries including the Gulf nations, where five million Indian workers holding Emigration Clearance

Required (ECR) category passports are living. India issues ECR passports to those who have not passed

grade 10.

About 65 per cent of more than two million Indians in the UAE are blue-collar workers and most of

them are in the ECR category.

The figures revealed by the ambassador shows that the majority (around 70) of the workers in the

scheme were from the UAE. As Gulf News reported on February 10, only 90 workers out of the five

million in 17 countries joined the scheme between April 2012 to January 28 this year.

The envoy said the enrolment of 132 workers in two months is an encouraging trend and the number

would go up soon thanks to the involvement of agency Alankit Assignments Limited, which has brought

in UAE Exchange, the money exchange centre.

Anand Bardhan, Counsellor, Community Affairs at the Indian Embassy, said around 400 workers were

approached during March and April and 132 of them joined the scheme.

“This product has to be sold like an insurance product; nobody will come and ask for

this,” Y Sudhir Kumar Shetty, COO-Global Operations, UAE Exchange, said. Although

workers can join the scheme at 132 UAE exchange branches across the UAE, the firm

will mainly depend on regular visits to workers’ accommodations for promoting the

scheme, he said. “We have to talk to them when they are free.”

The workers pay no service fee to agencies because it is paid by the government of India, said

Alok Agarwal, Chairman and Managing Director, Alankit Group.

He said for a minimum annual contribution of Rs5,000 (Dh303) from a worker, the government will

contribute Rs3,900 and Rs2,900 for female and male workers respectively.

A

T. P. Seetharam

Source: gulfnews.com

TIMMINT Market Intelligence Weekly Report 21 to 27 April, 2014

6

Funding Ratio

93.5 % In 2013

Higher than the 2

previous year

108.6% in 2007

79.1% in 2008

81.6% in 2011

80.6% in 2012

Corporate pension funding status rises to highest level

since 2007

The average funding ratio for the 100 largest U.S. corporate defined benefit plans jumped to 93.5% in

2013 ,more than 10 percentage points higher than the previous two years and the highest since 2007,

according to Pensions & Investments' annual analysis of corporate SEC filings.

“I would not be surprised if the funding ratio exceeded 100% by the end of this year,” said Andrew

Wozniak, the New York-based head of fiduciary solutions, in the investment strategy and solutions

group of BNY Mellon Investment Management.

The funding level was 108.6% in 2007, but plunged to 79.1% in 2008, the peak of the financial crisis. In

2012, funding was 80.6%, a slight decrease from 2011's 81.6%.

The aggregate funding deficit of the largest 100 plans shrank to $122.3 billion in 2013, from a deficit of

$301.6 billion in 2012.

“We were pleased to see a rise in funded status in 2013,” said Alan Glickstein, Dallas-

based senior retirement consultant at Towers Watson & Co. However, Mr. Glickstein

noted the relatively high discount rates used to calculate plan liabilities in 2013 were

“still well below where rates were before the financial crisis.”

The average discount rate rose to 4.82% in 2013 — higher than the 4.05% for 2012 but lower than the

average of 6.4% used in 2008.

Strong performance in equity markets also played a big part in the 2013 increase. The Russell 3000

index gained 33.6% in 2013, while the Standard & Poor's 500 returned 32.4%. International equities

also showed higher returns in 2013, with the MSCI World index ex-U.S. returning 21.6%.

Fixed income did not fare as well. The Barclays U.S. Aggregate index returned -2% in 2013, while the

Barclays Global Aggregate ex-U.S. index returned -3.1%.

Source: www.pionline.com

TIMMINT Market Intelligence Weekly Report 21 to 27 April, 2014

7

Latvia and Germany to help create private pension

funds in Azerbaijananada

The State Social Protection Fund of Azerbaijan (DSMF) has started began development of legislative

framework for the establishment of private pension funds in the country.

DSMF chair Elman Mehdiyev has stated that legislative framework for the implementation of one of the

components of the pension insurance system in the country will be developed within the launched EU

twinning project.

"A regulatory framework will be created within the twining project for the regulation of the real

pension accumulative component, as well as activities of private pension institutions. Development

of voluntary social insurance along with compulsory insurance will create additional conditions for

strengthening retirement insurance of citizens," Mehdiyev said.

He points out that for population’s detailed awareness about the principles of private pension funds

the EU will hold public hearings, and now their date and location are under coordination.

Initial negotiations of the DSMF with EU twining project "Support to the State Social Protection Fund

for the introduction of accumulative component in the pension insurance system, the formation of

private pension funds and creation of the legislative framework for the regulation of these processes"

began in 2010.

The signed agreement on the twinning project came into force in April 2014. The project will be

realized by the Ministry of Welfare of Latvia and the Ministry of Labor & Social Work of Germany.

Source: abc.az

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TIMMINT Market Intelligence Weekly Report 21 to 27 April, 2014

8

600,000,000 $

Power Sector Reform

* The Power DPC

focuses particularly

on policy and

institutional actions

that will improve

financial viability

and thus reduce the

burden of public

financing for the

sector.

400,000,000 $

Fiscally Sustainable

and Inclusive Growth

DPC

SOCIAL ASSISTANCE

World Bank Group Approves $1 billion for Supporting

Economic Reforms in Pakistan

he World Bank Group approved a package of assistance worth US$1 billion to support Pakistan’s

economic reforms. The assistance package consists of two Development Policy Credits (DPCs) to

support the Government of Pakistan’s efforts to improve the power sector, and reinvigorate

growth and investment for reducing poverty and building shared prosperity.

Almost 680 children during the first quarter of this year were treated at the Bangui Paediatric Hospital,

the city's largest in-patient centre, compared with 214 children last year.

The Power Sector Reform DPC of US$600 million (with additional co-financing support of the Asian

Development Bank and the Japan International Credit Agency) supports Pakistan’s goal of developing

an efficient and consumer-oriented electric power system that meets the needs of its people and

economy, sustainably and affordably.

The Power DPC is structured around three objectives: targeting power subsidies to the poorest and

improving tariff policy; improving sector performance and opening the market to private participation;

and ensuring accountability and transparency.

The Fiscally Sustainable and Inclusive Growth DPC of US $400 million, supports Pakistan’s goal of

accelerating growth to help create jobs and economic opportunity for all. The main development

objectives of the credit are to increase private and financial sector development, improve the business

environment, facilitate trade and promote financial inclusion, enhance revenue to create fiscal space

for expanding social protection for the poor.

The two credits are financed from the International Development Association (IDA), and will be on

standard IDA terms, with a maturity of 25 years, including a grace period of 5 years.

The World Bank Group’s Board of Executive Directors also discussed the Group’s – including

International Finance Corporation and Multilateral Investment Guarantee Agency – new Country

Partnership Strategy (CPS) for Pakistan envisaging a notional financing envelop of $11 billion over the

next five years (Fiscal Years 2015-19) for development in both public and private sectors.

The four strategic pillars or result areas of the new Country Partnership Strategy are:

Transforming the energy sector.

Supporting private sector development. WBG’s support is aimed at strengthening the business

environment, improving competitiveness and productivity of farms and businesses, and making

cities growth friendly to support productive and quality jobs;

Reaching out to the underserved, neglected, and poor. The strategy has a special focus on targeted

support for poorer districts and vulnerable groups

Accelerating improvements in public service delivery.

Leveraging regional markets. As part of the four result areas, this cross-cutting program focuses on

energy and trade, aimed at an integrated electricity market in South Asia with power transmission

links to Central Asia and India; and other opportunities to capture the potential of cross-border trade

between Pakistan and its neighboring countries.

T

Over the next 5 years

Source: World Bank

TIMMINT Market Intelligence Weekly Report 21 to 27 April, 2014

9

one-month

emergency food

rations to 8,500

people have been

distributed

Latest violence in parts of Sudan impacts 16,500

people, UN says

ecent fighting in parts of South Kordofan and Blue Nile states has displaced or affected an

estimated 16,500 people, according to the United Nations Office for the Coordination of

Humanitarian Affairs (OCHA), which today detailed the aid response being offered to them

through the UN and its partners.

The figure, confirmed today at UN Headquarters in New York, came from the Sudanese Government

and is based on statistics gathered over the past two weeks.

In response to the additional needs, the UN World Food Programme (WFP) and its partners have

already distributed one-month emergency food rations to 8,500 people.

The Sudanese Red Crescent Society – supported by the World Health Organization (WHO) – has

established two emergency health clinics in Rashad, a town in northeastern South Kordofan.

In addition, the UN Children’s Agency (UNICEF) and WHO supported the South Kordofan health ministry

with emergency medicine and equipment, including basic health kids to cover 10,000 people for three

months, nutritional supplements and water and sanitation services.

In Abyei, the Humanitarian Coordinator for Sudan, Ali Al-Za’tari, expressed his concern today about the

increasing number of people from South Sudan seeking refuge in Abyei, an area contested by South

Sudan and Sudan.

Over the past few days, at least 3,000 people have arrived in Abyei, a UN spokesperson said. They are

fleeing violence in South Sudan’s Unity state, bringing the total number of South Sudanese in the area

to 6,000. Meanwhile, a peacekeeper from the African Union – UN Mission in Darfur (UNAMID) was

freed today, 54 days after being taken into custody. Sergeant Awesu Soleiman was abducted in Nyala

on 9 March.

The Joint Special Representative for Darfur, Mohamed Ibn Chambas, expressed the Mission’s gratitude

to the Government of Sudan, the Wali of South Darfur, and the Government of Nigeria “for their

valuable assistance” in securing his safe release.

R

Source: UN.org

TIMMINT Market Intelligence Weekly Report 21 to 27 April, 2014

10

World Bank and Croatia Sign Agreement Boosting

Economic Recovery

inister of Finance, H.E. Slavko Linić and the World Bank’s Country Manager for

Croatia,Hongjoo Hahm, today signed a Loan Agreement in the amount of EUR150 million

(US$206.8 million) for the Second Economic Recovery Development Policy Loan to the

Republic of Croatia.

The loan is aimed at supporting the Government of Croatia’s efforts in accelerating sustainable

economic recovery through the consolidation of public finances and the strengthening of the

investment climate. The World Bank’s Board of Directors approved the loan on April 29th.

Specifically, the loan supports reforms in two broad areas. The first area focuses on fiscal consolidation

efforts through expenditure-based adjustments in public administration, health, pensions, and social

welfare areas.

These efforts will lead to improvements in the management of public spending, and will strengthen the

medium-term sustainability of public finances, with the goal of achieving macroeconomic stability.

Second, the loan supports the growth of the private

sector by improving the business environment and

reducing state involvement in the corporate sector.

Croatian authorities have already taken measures to

enhance labor market flexibility, reduce

administrative and regulatory barriers for businesses,

speed up the privatization of state-owned companies,

and strengthen the innovation framework.

Key Expected Results from the Second Economic

Recovery Development Policy Loan

Primary general government spending reduced by 2 percent in real terms from 2012 to end-

2014;

General government wage bill reduced by 6 percent in real terms from 2012 to end-2014;

Total public health spending reduced by 9 percent in real terms from 2012 to end-2014;

Social benefit spending reduced by 6.5 percent in real terms from 2012 to end-2014;

Pension spending reduced by 2.6 percent in real terms from 2012 to end-2014;

Labor force participation rate (ages 15-64) increased to 61 percent in 2014;

Global Competitiveness Index Institutions’ score increased from 3.5 in 2012-2013 to 3.7 in

2014-2015;

Private sector share in GDP increased from 70 percent in 2012 to 72 percent in 2014; and

Research and development spending increased by 8.5 percent in real terms from 2012 to end-

2014.

Source: World Bank

M

TIMMINT Market Intelligence Weekly Report 21 to 27 April, 2014

11

The targeted sectors

include

pharmaceuticals,

medical devices and

diagnostics, hospitals

and health service

providers, and

contract research or

manufacturing

companies.

ADB Invests $60 Million in Private Equity Fund Targeting

Improved Healthcare

he Asian Development Bank (ADB) is investing up to $60 million in a new healthcare private

equity fund focused exclusively on Asia. ADB’s Board of Directors approved an equity

investment in OrbiMed Asia Partners II, L.P, which is aiming to raise $300 million in capital to

be invested in health care companies across Asia.

“Healthcare is a specialized sector with limited participation across mainstream institutional

investors, particularly in Asia. As one of the anchor investors in the fund, ADB will help catalyze

additional investments in healthcare companies and sub-sectors that are envisioned to improve the

delivery of healthcare goods and services at higher quality and lower cost,” said Todd Freeland,

Director General of ADB’s Private Sector Operations Department.

Providing affordable and high-quality healthcare is an increasing challenge for the region’s developing

countries, particularly because of its unique patient and healthcare dynamics, including lower

affordability, high prevalence of certain diseases, geographical dispersion, and urban and rural

inequalities.

The fund intends to invest in companies across the healthcare sector in Asia. A substantial portion of

portfolio investments are expected to take place in the People’s Republic of China (PRC) and India,

including rural and second- or third-tier cities within those geographies. The targeted sectors include

pharmaceuticals, medical devices and diagnostics, hospitals and health service providers, and contract

research or manufacturing companies.

The fund is managed by OrbiMed Advisers LLC, a leading global investment firm dedicated to the

healthcare sector, with approximately $10 billion of assets under management. Since 1993, OrbiMed

has invested approximately $1.7 billion in more than 165 private healthcare companies. OrbiMed

established its first pan-Asia health care private equity fund in 2008.

Source: adb.org

Rwanda: World Bank Approves U.S. $300 Million to

Develop Central Corridor

he World Bank has approved $300 million to the government of Tanzania for the improvement

of the East African Central Corridor and boost trade with landlocked neighbouring countries.

A statement issued on Monday by the World Bank office in Dar es Salaam said the funds would be used

to create a reliable open access railway infrastructure on the Dar es Salaam-Isaka section and to

strengthen the country's rail agencies' ability to manage the infrastructure, the traffic operations and

the network regulation.

"This project is a necessary first step to the eventual upgrade and expansion of the broader central

corridor transport network," the statement reads in part.

Dongier said the project will also indirectly help to boost agricultural trade, job creation and overall

livelihoods for the country and neighbouring countries' poorest people. The funds will go to relaying

railway lines, building new intermodal terminals, repairing or reconstructing bridges and supporting the

institutional transformation of the sector.

T

T

Source: www.newtimes.co.rw

TIMMINT Market Intelligence Weekly Report 21 to 27 April, 2014

12

Every 15 seconds

a worker dies from

a work-related

accident

LABOR MARKET INTERVENTION

Commissioner Andor and ILO Director General agree to

reinforce cooperation on health and safety at work

uropean Commissioner for Employment, Social Affairs and Inclusion, László Andor, and ILO

Director General, Guy Ryder, have agreed to step up cooperation in the area of health and

safety at work as a means to enhance synergy and promote consistency in the way occupational

safety and health challenges are addressed at global level, and so better address this key challenge

across the world.

The agreement coincides with the conference on working conditions

hosted by the European Commission in Brussels today - theWorld Day for

Safety and Health at Work. Worldwide, every 15 seconds a worker dies

from a work-related accident or disease and 160 workers have a work-

related accident.

Andor and Ryder agreed to improve their cooperation because the European Commission and the

International Labour Organization:

have a mutual interest in supporting each other's activities, in particular concerning cooperation in promoting occupational safety and health in emerging economies, implementing the decent work agenda and improving working conditions in global supply chains

share a preventative approach to counter occupational and work-related diseases, in particular by tackling new and emerging risks related to physical and mental health, associated with new technologies and new work organisation patterns. In this framework, they agree on the need to explore possibilities to improve cooperation in the area of prevention and on data collection on occupational and work-related diseases

recognise the vital role played by labour inspectorates in prevention, advice and enforcement at enterprise level and acknowledge the complementary role that private compliance initiatives could play in improving working conditions. They both highlight the need to reinforce the capacity of labour inspection and enforcement institutions and the role of technical assistance and capacity building to that aim

share a common understanding of the need to reinforce the tripartite occupational safety and health governance culture at all levels and therefore the importance of promoting the active participation of governments, employers' and workers' organisations in the development of OSH policies and programmes.

The High Level Meeting, consisting of high level representatives of the Commission and ILO, will be

asked to follow up the agreement between Commission Andor and Director General Ryder.

Source: ec.europa.eu

E

TIMMINT Market Intelligence Weekly Report 21 to 27 April, 2014

13

1800 Graduates

in 2012

50% remain

unemployed

World Bank Supports Technical and Vocational

Education to Prepare Youth for Jobs in Mauritania

he World Bank’s Board of Executive Directors has approved further support to Mauritania as

the country continues to experience strong economic growth and seeks to prepare more

young people for jobs through better technical and vocational education and training (TVET).

The US$11.3 million IDA* grant for the ongoing Mauritania Skills Development Support Project will

double the number of youth benefiting from skills development programs every year by 2016, and

reach a total of nearly 16,000 young people trained through either apprenticeships or TVET institutions.

“Nearly six out of ten young Mauritanians enter the labor market without the skills to succeed,

leading to unemployment or low productivity among youth on the one hand and a major skills gap on

the other, as employers struggle to find trained human resources,” said Moctar Thiam, World Bank

Country Manager for Mauritania. “The Skills Development Support Project is helping to bridge this

gap and to ensure that more young people are equipped with skills that are in demand in

Mauritania’s growing economy.”

The new grant will expand the project’s efforts to improve TVET efficiency through the scaling up of

performance-based contracts and a number of measures to reduce the average cost per student—

including increasing access to lower-cost apprenticeship programs— while simultaneously improving

program quality and relevance and establishing a stronger link to the needs of the private sector.

Mauritania is taking these steps because there were only about 1800 graduates from TVET institutions

in 2012, and 50 percent of these graduates remain unemployed despite rising demand for trained

human resources in sectors such as tourism and construction. Also, apprenticeship programs are

currently inadequate in the face of an estimated 350,000 out-of-school and unemployed youth looking

for work.

“The project is in line with the Government of Mauritania’s prioritization of skills as outlined in its

TVET Sector Plan for 2010-2020,” said Geraldo Martins, World Bank task team leader for the project.

“In addition, it supports the improvement of public sector performance, which is a key pillar of the

World Bank’s Country Partnership Strategy for Mauritania, and will help support the country’s

economic growth.”.

Source: World Bank

T

Join TIMMINT Social Network

To reach a total

of nearly 16,000

young people

trained by 2016

TIMMINT Market Intelligence Weekly Report 21 to 27 April, 2014

14

Latest Publications

The table below contains links to the most recent publications (downloadable for free or after payment) related to social

protection, click on the Download Link to view the file:

N: Title Type Source Download Link

1 Analyzing Food Security Using

Household Survey Data PDF World Bank Click Here

2

Beyond Macroeconomic Stability: Structural

Transformation and Inclusive Development

Book ILO Click Here

3 Creative Labour Regulation:

Indeterminacy and protection in an uncertain world

Book ILO Click Here

4 Wage-led Growth: An equitable strategy for

economic recovery Book ILO Click Here

5 World of Work Report 2013: "Repairing the economic and

social fabric" PDF ILO Click Here

6 EU measures to tackle youth

unemployment (07/04/2014) PDF European Comimission Click Here

7 European Alliance for

Apprenticeships (07/04/2014) PDF European Comimission Click Here

8 The Youth Guarantee: Making

It Happen (07/04/2014) PDF European Comimission Click Here

9

Filling the gap in long-term professional care through

systematic migration policies - Synthesis Report - Germany,

23-24 October 2013 (06/04/2014)

PDF European Comimission Click Here

10

Social entrepreneurship and other models to secure

employment for those most in need - Synthesis Report - Croatia, 29-30 October

2013 (31/03/2014)

PDF European Comimission Click Here

11

Assessment of progress towards the Europe 2020 social inclusion objectives:

Main findings and suggestions on the way forward - A Study

of National Policies (28/03/2014)

PDF European Comimission Click Here

TIMMINT Market Intelligence Weekly Report 21 to 27 April, 2014

15

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