- $25,512,856Original Compact Project Amount
- $49,322,727Total Disbursed
|Time||Estimated Economic Rate of Return (ERR) over 20 years||Estimated beneficiaries over 20 years||Estimated net benefits over 20 years|
|At compact closure||20 percent||170,000||$27,500,000|
Estimated benefits corresponds to $49.2 million of project funds, where cost-benefit analysis was conducted.
As the Mongolian economy transitioned to a market economy after the fall of the Soviet Union, its technical vocational education and training (TVET) system remained outdated and dysfunctional. The technical content of the trade and occupational courses no longer applied to increasingly sophisticated economy sectors. TVET Learning programs focused heavily on theory, and graduates had a reputation of being ill-equipped for the modern workplace.
In response to a growing economy‘s strong demand for skilled workers, the Vocational Education Project was designed to upgrade technical education and training. This would increase employment and income among the unemployed and marginally employed by improving technical skills and productivity, and by developing the TVET sector to become more responsive to labor market demands.
The project had five main components:
- policy and operational framework reform,
- implementing professional development programs for TVET instructors,
- updating curricula based on competency-based training standards,
- establishing a labor market information system, and
- providing state-of-the-art equipment.
By the end of the compact, nearly 12,000 students had graduated from MCC-supported educational facilities, 54 technology labs had been installed and upgraded, and 106 practical training sites had been modernized.
Additional funds were made available after the Rail Project was withdrawn from the compact.
MCC is conducting a rigorous impact evaluation of the Improvement of Learning Environments activity of the Vocational Education Project to measure the impact of attending the TVET schools on students’ academic achievements, skill levels, post-graduation employment rates, and salary levels. It is expected to be available in August 2018.
The remaining TVET project activities will be evaluated in a performance evaluation, expected to be available in May 2019.
Key performance indicators and outputs at compact end date
|Activity/Outcome||Key Performance Indicator||Baseline||End of Compact Target||Quarter 1 through Quarter 20 Actuals (as of Dec 2013)||Percent Compact Target Satisfied (as of Dec 2013)|
|All Activities||Students participating in MCC-supported education activities
|Competency Based Training System Activity||Instructors trained||0||1,500||1,370||91%|
|Improvement of Learning Environment Activity||Educational facilities constructed or rehabilitated||0||18||18||100%|
|Reforms to TVET Framework and Operational Framework Acitivity||Public-Private Partnership (PPP) funcing contributed to Technical Vocational Education and Training (TVET) schools (%)
|Skills and Standard Competencies Activity||Instructors trained||0||1,500||1,370||91%|