Peru's Economy and Finance Ministry and the Inter-American Development Bank (IDB) signed an agreement for a US$30 million loan to partially fund a youngsters' labor insertion project across several regions.
The project aims to improve services provided by State-run Employment Center to the young population, and thus ensure inclusion into the labor market.
The covenant was signed by Peru's Finance Minister Alonso Segura and IDB representative Viviana Caro.
Segura welcomed support by the IBD to government-implemented actions aimed to promote formal labor insertion across regions by improving employability.
According to the official, resources are aimed at enhancing quality of services to reinforce articulation between labor supply and formal demand from companies.
In this sense, this initiative seeks to boost productivity, since services contribute to expanding labor opportunities for youngsters.
Held at Lima-based Economy and Finance Ministry headquarters, the ceremony was also attended by Labor Minister Daniel Maurate and IDB representative Masami Yamamori.
Employment Center
As is known, the Employment Center aims to train job seekers by supporting them to develop competitive capacities to successfully face the job search process.
(END) NDP/CCR/HMC/MVB