Skill ecosystem for progressive skills economy in Bangladesh

Bangladesh has been moving forward to consolidate its status as a developing country and achieve the SDGs. Aiming at becoming a developed country by 2041, transformation from cheap labour-based economy to a skill-based and knowledge-based economy is necessary. Our national goal and strategies have been spelled out in the national priorities and perspective plan for skills economy by 2041. Ongoing mega projects and economic zones are some of the clear reflections which require a holistic approach to create many opportunities for quality skills promotion. To amplify and strengthen the skill-based economy, there is no option other than promoting "skill eco-system" in every region/division,which requires special focus both on formal and informal skills sector. In response to the growing economic zones, mega projects, Rohingya crisis and overall rising challenges and opportunities due to the Covid-19 pandemic, the landscape of skills demand in different regions have been changing significantly at scale and diversity. However, there is a huge gap between demand and supply of skilled workforce to address the potential demand, opportunity, and challenges of the intended mega projects and growing skill economy. Annually, around 2.2 million people are entering the labour market, but only 1.9 percent of them receive formal skills training. Moreover, mismatching of skill-mix on different occupational courses and standard of training centres with traditional equipment and machineries are other major concerns to meet the modern and advanced skills need. Furthermore, lack of regional focus with functional dynamics is a huge gap in skills promotion, especially in terms of quality training opportunity and formal accreditation. The eventual manifestation of these drawbacks, spelled out through poor performance, disregard of skills recognition, low wage and poor retention in the jobs are incompatible with the national aspiration.

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