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TIMMINT Market Intelligence Weekly Report 28 to 04 May, 2014
2
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From: TIMMINT
Market Intelligence
To:
Whom it may concern
Subject:
Weekly Status Global Social
Protection Industry.
Issue Year 2014, Week 18
Report Sections Page
SOCIAL INSURANCE 3
SOCIAL ASSISTANCE 8
LABOR MARKET
INTERVENTION 12
Latest Publications 14
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Company. Certain information has
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publication is verified to the best of
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4
Australia pension age rising to 70 Following birth control reforms being adopted in the western highly populated regions and since the majority of the world’s population will be consisting of elders in the coming Century, Should this strategy be adopted by other countries to keep the world’s economy alive?
The TIMMINT Group is
specialized in providing
professional services to the
worldwide business
community.
TIMMINT Market Intelligence Weekly Report 21 to 27 April, 2014
3
8,000,000
signed up for private
coverage in state and
federal insurance
marketplaces during
the law's first
enrollment period
through April 19
5,000,000
bought plans that
comply with
Obamacare's
consumer protection
and benefit standards
85%
sought federal
subsidies to help
pay for coverage
80-90 %
has paid
SOCIAL INSURANCE
U.S. says Obamacare enrollment points to stable costs
he Obama administration predicted stable health insurance costs for consumers who have
purchased Obamacare plans, defying critics who warn that President Barack Obama's landmark
healthcare law will lead to skyrocketing premiums.
Just over 8 million Americans signed up for private coverage in state and federal insurance
marketplaces during the law's first enrollment period through April 19, according to a new
administration report released on Thursday. Outside the marketplaces, the report said, an additional 5
million people bought plans that comply with Obamacare's consumer protection and benefit standards.
Both sets of health plans sold within any given state belong to the same risk pool -- the mix of
policyholders ranging from young, healthy people to the old and sick. Larger numbers of older, sicker
customers tend to produce upward pressure on costs, forcing future premiums higher for consumers.
"We believe, based on the data that we've seen and independent data that's out there, that premiums will be
stable and that the risk pool is sufficiently large and varied to support that kind of pricing in every state," said
Mike Hash, a top healthcare reform official at the Department of Health and Human Services.
The administration runs a federal marketplace for consumers in 36 states. Fourteen states run their
own. The outlook for Obamacare premiums is a major issue in this year's congressional elections.
Republicans and some health insurers have warned of double-digit increases next year in states with
low enrollment. Other experts have said most people will see relatively moderate premium hikes in the
single digits.
Thursday's report said 12.8 million people obtained coverage through the marketplaces or government
health programs for the poor during Obamacare's open enrollment, including over 4.8 million who
gained coverage through the Medicaid and Children's Health Insurance Program (CHIP).
The total is roughly equal to the latest topline 2014 forecast from the nonpartisan Congressional
Budget Office, which predicted 6 million enrollees in private insurance and another 7 million through
Medicaid and CHIP, for a combined 13 million people.
Eighty-five percent of Obamacare marketplace applicants sought federal subsidies to help pay for
coverage, the report said. About two-thirds selected mid-quality "silver" plans, while another 20
percent chose lower-level "bronze" policies.
Among federal marketplace applicants who reported their race, 63 percent were white versus 16.7
percent who were black, 10.7 percent Latino and 7.9 percent Asian. But one-third of applicants did not
identify their racial background.
Republicans charge that the administration's private enrollment totals are inflated because the
administration has not said how many people have paid their first month's premium, which determines
official enrollment. Administration officials, insurers and independent researchers have estimated that
80-90 percent have paid.
On Wednesday, Republican lawmakers on the House Energy and Commerce Committee released a
study of insurance data showing premium payments running at only 67 percent, suggesting an actual
enrollment total of less than 6 million. The White House and Democrats dismissed the study as
misleading.
T
White Black
Latino Asian
Source: Reuters
TIMMINT Market Intelligence Weekly Report 21 to 27 April, 2014
4
Australia pension age rising to 70
ustralians born from 1965 will have to wait until they turn 70 before being eligible for the
age pension, Australian federal treasurer Joe Hockey has confirmed. The treasurer justified
the need for an increase in age pension eligibility, saying it gave people time to get their
financial arrangements in order.
Opposition Leader Bill Shorten was dismissive, telling reporters: "We don't believe the way to get the
budget doing better is by attacking the vulnerable, the poor and the sick."
Age Discrimination Commissioner Susan Ryan believes the government must address as a high priority
the needs of older people wanting to work now.
"We need to address age discrimination," she said in statement, adding the treasurer's plan provided a
window of opportunity to change employer attitudes, social infrastructure and training programs.
But even more immediately, Australians who visit the doctor are likely to have to make a $6 co-
payment, and retired politicians might have to live without some of their entitlements.
Instead, the budget would be based on solid, realistic assumptions.
"It will be the budget we were elected to deliver," he told the Australia Israel Chamber of Commerce in
Melbourne today.
Mr Hockey also said the budget would not be asking Australians to pay for entitlements politicians
receive but would never get themselves.
Earlier, he declined to confirm talk that retired politicians would lose their "gold
pass" for travel.
As well, the government should only do for people what they cannot do for
themselves "and no more".
In his strongest indication yet about a Medicare co-payment, Mr
Hockey said government services were not "magically free" and a
contribution to their delivery seemed a logical and equitable step.
The National Commission of Audit, in its report to the government, recommended a $15
charge after 15 visits.
While Mr Hockey has said the government will wait until the budget before responding to the
commission's 86 recommendations, his leader has been more forthcoming. Prime Minister Tony Abbott
ruled out abolishing a commonwealth scheme that subsidises freight transport between Tasmania and
the mainland.
Retailers are starting to worry about talk surrounding a deficit levy or higher income tax rates.
Myer boss Bernie Brookes says the department store is prepared for a potential drop-off in consumer
spending following the budget.
Nevertheless it was getting "pretty good" at working through such events, citing the global financial
crisis as an example.
Source: tvnz.co.nz
A
In his last major
speech before
the May 13
budget, Mr
Hockey vowed
there would be
no "accounting
tricks". "There is no
such thing as a
free visit to the
doctor," he
said.
BLOG Debate
Following birth
control reforms being
adopted in the
western highly
populated regions
and since the majority
of the world’s
population will be
consisting of elders in
the coming Century,
Should this strategy
be adopted by other
countries to keep the
world’s economy alive?
Click here to join
our community and
share your opinion
TIMMINT Market Intelligence Weekly Report 21 to 27 April, 2014
5
Click here to
read the latest
assessment of
the Social
Security
Pensions in India
2012 to 2014
70 Workers Joined
the Pension Fund
March and April
2014
Additional 132
Workers Enrolled
70% From the UAE
Indian
pensions in UAE to grow
n ambitious pension scheme introduced by the Indian government for workers in the
lower-income wage bracket is expected to gain momentum, a top diplomat said here on
Sunday. T P Seetharam, the Indian Ambassador to the UAE, said although only 202 Indian
workers in the UAE had enrolled in the plan, the Indian Embassy expects a boost in
enrolment by involving new agencies.
Only 70 workers had joined Mahatma Gandhi Pravasi Suraksha
Yojana (MPSY), the voluntary pension fund scheme, between April
2012 and February 2014. But 132 workers enrolled in the scheme in
March and April thanks to the involvement of a new agency, which
has engaged a money exchange centre in the enrolment process.
Seetharam was addressing a press conference at Indian Social and
Cultural Centre in Abu Dhabi.
The scheme was launched in the UAE as a pilot and it will be extended to other nations based on the
feedback from here, he said.
However, the Ministry of Indian Overseas Affairs has been promoting the scheme in India for workers in
17 countries including the Gulf nations, where five million Indian workers holding Emigration Clearance
Required (ECR) category passports are living. India issues ECR passports to those who have not passed
grade 10.
About 65 per cent of more than two million Indians in the UAE are blue-collar workers and most of
them are in the ECR category.
The figures revealed by the ambassador shows that the majority (around 70) of the workers in the
scheme were from the UAE. As Gulf News reported on February 10, only 90 workers out of the five
million in 17 countries joined the scheme between April 2012 to January 28 this year.
The envoy said the enrolment of 132 workers in two months is an encouraging trend and the number
would go up soon thanks to the involvement of agency Alankit Assignments Limited, which has brought
in UAE Exchange, the money exchange centre.
Anand Bardhan, Counsellor, Community Affairs at the Indian Embassy, said around 400 workers were
approached during March and April and 132 of them joined the scheme.
“This product has to be sold like an insurance product; nobody will come and ask for
this,” Y Sudhir Kumar Shetty, COO-Global Operations, UAE Exchange, said. Although
workers can join the scheme at 132 UAE exchange branches across the UAE, the firm
will mainly depend on regular visits to workers’ accommodations for promoting the
scheme, he said. “We have to talk to them when they are free.”
The workers pay no service fee to agencies because it is paid by the government of India, said
Alok Agarwal, Chairman and Managing Director, Alankit Group.
He said for a minimum annual contribution of Rs5,000 (Dh303) from a worker, the government will
contribute Rs3,900 and Rs2,900 for female and male workers respectively.
A
T. P. Seetharam
Source: gulfnews.com
TIMMINT Market Intelligence Weekly Report 21 to 27 April, 2014
6
Funding Ratio
93.5 % In 2013
Higher than the 2
previous year
108.6% in 2007
79.1% in 2008
81.6% in 2011
80.6% in 2012
Corporate pension funding status rises to highest level
since 2007
The average funding ratio for the 100 largest U.S. corporate defined benefit plans jumped to 93.5% in
2013 ,more than 10 percentage points higher than the previous two years and the highest since 2007,
according to Pensions & Investments' annual analysis of corporate SEC filings.
“I would not be surprised if the funding ratio exceeded 100% by the end of this year,” said Andrew
Wozniak, the New York-based head of fiduciary solutions, in the investment strategy and solutions
group of BNY Mellon Investment Management.
The funding level was 108.6% in 2007, but plunged to 79.1% in 2008, the peak of the financial crisis. In
2012, funding was 80.6%, a slight decrease from 2011's 81.6%.
The aggregate funding deficit of the largest 100 plans shrank to $122.3 billion in 2013, from a deficit of
$301.6 billion in 2012.
“We were pleased to see a rise in funded status in 2013,” said Alan Glickstein, Dallas-
based senior retirement consultant at Towers Watson & Co. However, Mr. Glickstein
noted the relatively high discount rates used to calculate plan liabilities in 2013 were
“still well below where rates were before the financial crisis.”
The average discount rate rose to 4.82% in 2013 — higher than the 4.05% for 2012 but lower than the
average of 6.4% used in 2008.
Strong performance in equity markets also played a big part in the 2013 increase. The Russell 3000
index gained 33.6% in 2013, while the Standard & Poor's 500 returned 32.4%. International equities
also showed higher returns in 2013, with the MSCI World index ex-U.S. returning 21.6%.
Fixed income did not fare as well. The Barclays U.S. Aggregate index returned -2% in 2013, while the
Barclays Global Aggregate ex-U.S. index returned -3.1%.
Source: www.pionline.com
TIMMINT Market Intelligence Weekly Report 21 to 27 April, 2014
7
Latvia and Germany to help create private pension
funds in Azerbaijananada
The State Social Protection Fund of Azerbaijan (DSMF) has started began development of legislative
framework for the establishment of private pension funds in the country.
DSMF chair Elman Mehdiyev has stated that legislative framework for the implementation of one of the
components of the pension insurance system in the country will be developed within the launched EU
twinning project.
"A regulatory framework will be created within the twining project for the regulation of the real
pension accumulative component, as well as activities of private pension institutions. Development
of voluntary social insurance along with compulsory insurance will create additional conditions for
strengthening retirement insurance of citizens," Mehdiyev said.
He points out that for population’s detailed awareness about the principles of private pension funds
the EU will hold public hearings, and now their date and location are under coordination.
Initial negotiations of the DSMF with EU twining project "Support to the State Social Protection Fund
for the introduction of accumulative component in the pension insurance system, the formation of
private pension funds and creation of the legislative framework for the regulation of these processes"
began in 2010.
The signed agreement on the twinning project came into force in April 2014. The project will be
realized by the Ministry of Welfare of Latvia and the Ministry of Labor & Social Work of Germany.
Source: abc.az
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TIMMINT Market Intelligence Weekly Report 21 to 27 April, 2014
8
600,000,000 $
Power Sector Reform
* The Power DPC
focuses particularly
on policy and
institutional actions
that will improve
financial viability
and thus reduce the
burden of public
financing for the
sector.
400,000,000 $
Fiscally Sustainable
and Inclusive Growth
DPC
SOCIAL ASSISTANCE
World Bank Group Approves $1 billion for Supporting
Economic Reforms in Pakistan
he World Bank Group approved a package of assistance worth US$1 billion to support Pakistan’s
economic reforms. The assistance package consists of two Development Policy Credits (DPCs) to
support the Government of Pakistan’s efforts to improve the power sector, and reinvigorate
growth and investment for reducing poverty and building shared prosperity.
Almost 680 children during the first quarter of this year were treated at the Bangui Paediatric Hospital,
the city's largest in-patient centre, compared with 214 children last year.
The Power Sector Reform DPC of US$600 million (with additional co-financing support of the Asian
Development Bank and the Japan International Credit Agency) supports Pakistan’s goal of developing
an efficient and consumer-oriented electric power system that meets the needs of its people and
economy, sustainably and affordably.
The Power DPC is structured around three objectives: targeting power subsidies to the poorest and
improving tariff policy; improving sector performance and opening the market to private participation;
and ensuring accountability and transparency.
The Fiscally Sustainable and Inclusive Growth DPC of US $400 million, supports Pakistan’s goal of
accelerating growth to help create jobs and economic opportunity for all. The main development
objectives of the credit are to increase private and financial sector development, improve the business
environment, facilitate trade and promote financial inclusion, enhance revenue to create fiscal space
for expanding social protection for the poor.
The two credits are financed from the International Development Association (IDA), and will be on
standard IDA terms, with a maturity of 25 years, including a grace period of 5 years.
The World Bank Group’s Board of Executive Directors also discussed the Group’s – including
International Finance Corporation and Multilateral Investment Guarantee Agency – new Country
Partnership Strategy (CPS) for Pakistan envisaging a notional financing envelop of $11 billion over the
next five years (Fiscal Years 2015-19) for development in both public and private sectors.
The four strategic pillars or result areas of the new Country Partnership Strategy are:
Transforming the energy sector.
Supporting private sector development. WBG’s support is aimed at strengthening the business
environment, improving competitiveness and productivity of farms and businesses, and making
cities growth friendly to support productive and quality jobs;
Reaching out to the underserved, neglected, and poor. The strategy has a special focus on targeted
support for poorer districts and vulnerable groups
Accelerating improvements in public service delivery.
Leveraging regional markets. As part of the four result areas, this cross-cutting program focuses on
energy and trade, aimed at an integrated electricity market in South Asia with power transmission
links to Central Asia and India; and other opportunities to capture the potential of cross-border trade
between Pakistan and its neighboring countries.
T
Over the next 5 years
Source: World Bank
TIMMINT Market Intelligence Weekly Report 21 to 27 April, 2014
9
one-month
emergency food
rations to 8,500
people have been
distributed
Latest violence in parts of Sudan impacts 16,500
people, UN says
ecent fighting in parts of South Kordofan and Blue Nile states has displaced or affected an
estimated 16,500 people, according to the United Nations Office for the Coordination of
Humanitarian Affairs (OCHA), which today detailed the aid response being offered to them
through the UN and its partners.
The figure, confirmed today at UN Headquarters in New York, came from the Sudanese Government
and is based on statistics gathered over the past two weeks.
In response to the additional needs, the UN World Food Programme (WFP) and its partners have
already distributed one-month emergency food rations to 8,500 people.
The Sudanese Red Crescent Society – supported by the World Health Organization (WHO) – has
established two emergency health clinics in Rashad, a town in northeastern South Kordofan.
In addition, the UN Children’s Agency (UNICEF) and WHO supported the South Kordofan health ministry
with emergency medicine and equipment, including basic health kids to cover 10,000 people for three
months, nutritional supplements and water and sanitation services.
In Abyei, the Humanitarian Coordinator for Sudan, Ali Al-Za’tari, expressed his concern today about the
increasing number of people from South Sudan seeking refuge in Abyei, an area contested by South
Sudan and Sudan.
Over the past few days, at least 3,000 people have arrived in Abyei, a UN spokesperson said. They are
fleeing violence in South Sudan’s Unity state, bringing the total number of South Sudanese in the area
to 6,000. Meanwhile, a peacekeeper from the African Union – UN Mission in Darfur (UNAMID) was
freed today, 54 days after being taken into custody. Sergeant Awesu Soleiman was abducted in Nyala
on 9 March.
The Joint Special Representative for Darfur, Mohamed Ibn Chambas, expressed the Mission’s gratitude
to the Government of Sudan, the Wali of South Darfur, and the Government of Nigeria “for their
valuable assistance” in securing his safe release.
R
Source: UN.org
TIMMINT Market Intelligence Weekly Report 21 to 27 April, 2014
10
World Bank and Croatia Sign Agreement Boosting
Economic Recovery
inister of Finance, H.E. Slavko Linić and the World Bank’s Country Manager for
Croatia,Hongjoo Hahm, today signed a Loan Agreement in the amount of EUR150 million
(US$206.8 million) for the Second Economic Recovery Development Policy Loan to the
Republic of Croatia.
The loan is aimed at supporting the Government of Croatia’s efforts in accelerating sustainable
economic recovery through the consolidation of public finances and the strengthening of the
investment climate. The World Bank’s Board of Directors approved the loan on April 29th.
Specifically, the loan supports reforms in two broad areas. The first area focuses on fiscal consolidation
efforts through expenditure-based adjustments in public administration, health, pensions, and social
welfare areas.
These efforts will lead to improvements in the management of public spending, and will strengthen the
medium-term sustainability of public finances, with the goal of achieving macroeconomic stability.
Second, the loan supports the growth of the private
sector by improving the business environment and
reducing state involvement in the corporate sector.
Croatian authorities have already taken measures to
enhance labor market flexibility, reduce
administrative and regulatory barriers for businesses,
speed up the privatization of state-owned companies,
and strengthen the innovation framework.
Key Expected Results from the Second Economic
Recovery Development Policy Loan
Primary general government spending reduced by 2 percent in real terms from 2012 to end-
2014;
General government wage bill reduced by 6 percent in real terms from 2012 to end-2014;
Total public health spending reduced by 9 percent in real terms from 2012 to end-2014;
Social benefit spending reduced by 6.5 percent in real terms from 2012 to end-2014;
Pension spending reduced by 2.6 percent in real terms from 2012 to end-2014;
Labor force participation rate (ages 15-64) increased to 61 percent in 2014;
Global Competitiveness Index Institutions’ score increased from 3.5 in 2012-2013 to 3.7 in
2014-2015;
Private sector share in GDP increased from 70 percent in 2012 to 72 percent in 2014; and
Research and development spending increased by 8.5 percent in real terms from 2012 to end-
2014.
Source: World Bank
M
TIMMINT Market Intelligence Weekly Report 21 to 27 April, 2014
11
The targeted sectors
include
pharmaceuticals,
medical devices and
diagnostics, hospitals
and health service
providers, and
contract research or
manufacturing
companies.
ADB Invests $60 Million in Private Equity Fund Targeting
Improved Healthcare
he Asian Development Bank (ADB) is investing up to $60 million in a new healthcare private
equity fund focused exclusively on Asia. ADB’s Board of Directors approved an equity
investment in OrbiMed Asia Partners II, L.P, which is aiming to raise $300 million in capital to
be invested in health care companies across Asia.
“Healthcare is a specialized sector with limited participation across mainstream institutional
investors, particularly in Asia. As one of the anchor investors in the fund, ADB will help catalyze
additional investments in healthcare companies and sub-sectors that are envisioned to improve the
delivery of healthcare goods and services at higher quality and lower cost,” said Todd Freeland,
Director General of ADB’s Private Sector Operations Department.
Providing affordable and high-quality healthcare is an increasing challenge for the region’s developing
countries, particularly because of its unique patient and healthcare dynamics, including lower
affordability, high prevalence of certain diseases, geographical dispersion, and urban and rural
inequalities.
The fund intends to invest in companies across the healthcare sector in Asia. A substantial portion of
portfolio investments are expected to take place in the People’s Republic of China (PRC) and India,
including rural and second- or third-tier cities within those geographies. The targeted sectors include
pharmaceuticals, medical devices and diagnostics, hospitals and health service providers, and contract
research or manufacturing companies.
The fund is managed by OrbiMed Advisers LLC, a leading global investment firm dedicated to the
healthcare sector, with approximately $10 billion of assets under management. Since 1993, OrbiMed
has invested approximately $1.7 billion in more than 165 private healthcare companies. OrbiMed
established its first pan-Asia health care private equity fund in 2008.
Source: adb.org
Rwanda: World Bank Approves U.S. $300 Million to
Develop Central Corridor
he World Bank has approved $300 million to the government of Tanzania for the improvement
of the East African Central Corridor and boost trade with landlocked neighbouring countries.
A statement issued on Monday by the World Bank office in Dar es Salaam said the funds would be used
to create a reliable open access railway infrastructure on the Dar es Salaam-Isaka section and to
strengthen the country's rail agencies' ability to manage the infrastructure, the traffic operations and
the network regulation.
"This project is a necessary first step to the eventual upgrade and expansion of the broader central
corridor transport network," the statement reads in part.
Dongier said the project will also indirectly help to boost agricultural trade, job creation and overall
livelihoods for the country and neighbouring countries' poorest people. The funds will go to relaying
railway lines, building new intermodal terminals, repairing or reconstructing bridges and supporting the
institutional transformation of the sector.
T
T
Source: www.newtimes.co.rw
TIMMINT Market Intelligence Weekly Report 21 to 27 April, 2014
12
Every 15 seconds
a worker dies from
a work-related
accident
LABOR MARKET INTERVENTION
Commissioner Andor and ILO Director General agree to
reinforce cooperation on health and safety at work
uropean Commissioner for Employment, Social Affairs and Inclusion, László Andor, and ILO
Director General, Guy Ryder, have agreed to step up cooperation in the area of health and
safety at work as a means to enhance synergy and promote consistency in the way occupational
safety and health challenges are addressed at global level, and so better address this key challenge
across the world.
The agreement coincides with the conference on working conditions
hosted by the European Commission in Brussels today - theWorld Day for
Safety and Health at Work. Worldwide, every 15 seconds a worker dies
from a work-related accident or disease and 160 workers have a work-
related accident.
Andor and Ryder agreed to improve their cooperation because the European Commission and the
International Labour Organization:
have a mutual interest in supporting each other's activities, in particular concerning cooperation in promoting occupational safety and health in emerging economies, implementing the decent work agenda and improving working conditions in global supply chains
share a preventative approach to counter occupational and work-related diseases, in particular by tackling new and emerging risks related to physical and mental health, associated with new technologies and new work organisation patterns. In this framework, they agree on the need to explore possibilities to improve cooperation in the area of prevention and on data collection on occupational and work-related diseases
recognise the vital role played by labour inspectorates in prevention, advice and enforcement at enterprise level and acknowledge the complementary role that private compliance initiatives could play in improving working conditions. They both highlight the need to reinforce the capacity of labour inspection and enforcement institutions and the role of technical assistance and capacity building to that aim
share a common understanding of the need to reinforce the tripartite occupational safety and health governance culture at all levels and therefore the importance of promoting the active participation of governments, employers' and workers' organisations in the development of OSH policies and programmes.
The High Level Meeting, consisting of high level representatives of the Commission and ILO, will be
asked to follow up the agreement between Commission Andor and Director General Ryder.
Source: ec.europa.eu
E
TIMMINT Market Intelligence Weekly Report 21 to 27 April, 2014
13
1800 Graduates
in 2012
50% remain
unemployed
World Bank Supports Technical and Vocational
Education to Prepare Youth for Jobs in Mauritania
he World Bank’s Board of Executive Directors has approved further support to Mauritania as
the country continues to experience strong economic growth and seeks to prepare more
young people for jobs through better technical and vocational education and training (TVET).
The US$11.3 million IDA* grant for the ongoing Mauritania Skills Development Support Project will
double the number of youth benefiting from skills development programs every year by 2016, and
reach a total of nearly 16,000 young people trained through either apprenticeships or TVET institutions.
“Nearly six out of ten young Mauritanians enter the labor market without the skills to succeed,
leading to unemployment or low productivity among youth on the one hand and a major skills gap on
the other, as employers struggle to find trained human resources,” said Moctar Thiam, World Bank
Country Manager for Mauritania. “The Skills Development Support Project is helping to bridge this
gap and to ensure that more young people are equipped with skills that are in demand in
Mauritania’s growing economy.”
The new grant will expand the project’s efforts to improve TVET efficiency through the scaling up of
performance-based contracts and a number of measures to reduce the average cost per student—
including increasing access to lower-cost apprenticeship programs— while simultaneously improving
program quality and relevance and establishing a stronger link to the needs of the private sector.
Mauritania is taking these steps because there were only about 1800 graduates from TVET institutions
in 2012, and 50 percent of these graduates remain unemployed despite rising demand for trained
human resources in sectors such as tourism and construction. Also, apprenticeship programs are
currently inadequate in the face of an estimated 350,000 out-of-school and unemployed youth looking
for work.
“The project is in line with the Government of Mauritania’s prioritization of skills as outlined in its
TVET Sector Plan for 2010-2020,” said Geraldo Martins, World Bank task team leader for the project.
“In addition, it supports the improvement of public sector performance, which is a key pillar of the
World Bank’s Country Partnership Strategy for Mauritania, and will help support the country’s
economic growth.”.
Source: World Bank
T
Join TIMMINT Social Network
To reach a total
of nearly 16,000
young people
trained by 2016
TIMMINT Market Intelligence Weekly Report 21 to 27 April, 2014
14
Latest Publications
The table below contains links to the most recent publications (downloadable for free or after payment) related to social
protection, click on the Download Link to view the file:
N: Title Type Source Download Link
1 Analyzing Food Security Using
Household Survey Data PDF World Bank Click Here
2
Beyond Macroeconomic Stability: Structural
Transformation and Inclusive Development
Book ILO Click Here
3 Creative Labour Regulation:
Indeterminacy and protection in an uncertain world
Book ILO Click Here
4 Wage-led Growth: An equitable strategy for
economic recovery Book ILO Click Here
5 World of Work Report 2013: "Repairing the economic and
social fabric" PDF ILO Click Here
6 EU measures to tackle youth
unemployment (07/04/2014) PDF European Comimission Click Here
7 European Alliance for
Apprenticeships (07/04/2014) PDF European Comimission Click Here
8 The Youth Guarantee: Making
It Happen (07/04/2014) PDF European Comimission Click Here
9
Filling the gap in long-term professional care through
systematic migration policies - Synthesis Report - Germany,
23-24 October 2013 (06/04/2014)
PDF European Comimission Click Here
10
Social entrepreneurship and other models to secure
employment for those most in need - Synthesis Report - Croatia, 29-30 October
2013 (31/03/2014)
PDF European Comimission Click Here
11
Assessment of progress towards the Europe 2020 social inclusion objectives:
Main findings and suggestions on the way forward - A Study
of National Policies (28/03/2014)
PDF European Comimission Click Here
TIMMINT Market Intelligence Weekly Report 21 to 27 April, 2014
15
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