Additional information
by Shobhana Sosale (Author), Seo Yeon Hong (Author), Shalika Subasinghe (Author)
Sri Lanka has confronted and is grappling with a number of exogenous shocks, including the devastating 2004 tsunami; the 2008 global recession; the COVID-19 global pandemic; and, more recently, the ongoing "triple crisis+? (fuel, food, fiscal). The country is now at a crossroads. An ongoing process of strengthening skills and improving education will be crucial to Sri Lanka's economic recovery.
Sri Lanka is transitioning from a rural-based to a modern, urbanized economy, and better jobs are being created, especially in services. To remain globally competitive, the Sri Lankan workforce must gain the technical competencies and higher-order cognitive skills that meet the needs of local and foreign labor markets. As a result, Sri Lanka will need to transform its current skills development system and processes to align them to emerging jobs; improve their market relevance; and develop an effective, inclusive, and accessible education and training system for skilling, reskilling, and upskilling the stock and flow of the workforce. Enhancing Skills in Sri Lanka for Inclusion, Recovery, and Resilience addresses these urgent issues and provides recommendations for educators and policy makers.
Author Biography
The World Bank came into formal existence in 1945 following the international ratification of the Bretton Woods agreements. It is a vital source of financial and technical assistance to developing countries around the world. The organization's activities are focused on education, health, agriculture and rural development, environmental protection, establishing and enforcing regulations, infrastructure development, governance and legal institutions development. The World Bank is made up of two unique development institutions owned by its 185 Member Countries. The International Bank for Reconstruction and Development (IBRD) focuses on middle income and creditworthy poor countries and the International Development Association (IDA), which focuses on the poorest countries in the world.
