Under the Caricom Single Market Economy (CSME) Standby Facility, Guyana has received funding totalling over $56 million to strengthen its technical and vocational training, and accreditation councils.
According to a Caribbean Development Bank (CDB) press release, the funding is for two projects: Institutional Strengthening of the National Accreditation Council (NAC) and Institutional Strengthening of the Council for Technical and Vocational Education and Training (CTVET) of Guyana.
Under the CTVET project, for which a US$104,052 grant has been approved by the Project Steering Committee of the Standby Facility, the capacity of the CTVET to deliver quality and robust technical vocational education and training (TVET) accessible to all Guyanese nationals would be targeted.
