Sindh skills development project: WB approves $21m loan

ISLAMABAD: The World Bank (WB) approved a $21 million credit on Tuesday for the Sindh Skills Development Project (SSDP) to assist the Government of Pakistan to strengthen its training programs for better employment outcomes of youth in the province of Sindh.

The aim of the project is to provide vocational training to some 50,000 youth in order to improve their skills and employability, a press statement of the WB said.

The credit is from the International Development Association (IDA) with 35-year maturity, including a 10 year grace period; maximum commitment charge at 0.5% and a service charge of 0.75% per annum.

Published in The Express Tribune, June 2^nd, 2011.