A review of national training funds

Abstract

This paper is the result of a joint partnership between the Social Protection Unit of the World Bank and the Korean Ministry of Labor on Skills Development. This partnership was aimed at better understanding the Korean skills development strategy and drawing lessons and best practices for developing countries. This paper benefited from the financial support of the Korean Ministry of Labor and the World Bank. The paper expresses the author's own views on the topic which are not This review identifies over sixty countries that have – or had – pre-employment and enterprise training funds. The characteristics, advantages and limitations of each are presented as well as key design questions and examples of good practice. National training funds are an increasingly common vehicle for financing training. The review presents a typology of three main types of training funds by purpose: pre-employment training funds, enterprise training funds and equity training funds. The review points to a lack of rigorous evaluation of the impact of training funds on the skills and employability of the workforce in

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