Consulting Firm for Cambodia Medium and Long-term Financing Modalities
- Career Category: Consultancy
- Location: Phnom Penh
Purpose of the assignment
This assignment will explore financing modalities for the SDF, utilizing lessons from international practices and Cambodian experiences. After a study visit to Skills Future in Singapore and HRD Corp in Malaysia, SDF gained valuable insights into skills development funding models. These institutions leverage private sector contributions and multiple income streams instead of relying solely on government funding, creating a larger pool of funds. The skills development and training levy, managed by multiple government agencies in collaboration with the private sector, ensures that training is high-quality and meets industry needs. The funding also supports a TVET-oriented program and emphasizes additional initiatives such as upskilling and reskilling.
The goal is to adapt successful models to Cambodia's specific needs, ensuring effectiveness, efficiency, and long-term sustainability. This approach aims to encourage industry involvement in skills training, facilitate sustainable skills development, and strengthen the overall skills ecosystem, ultimately contributing to Cambodia's long-term economic growth.
The specific objectives of this assignment are:
- Analyze various financing modalities for the SDF in the medium- and long-term,
- Evaluate all relevant financing modalities for the SDF by assessing cost and benefits, market readiness/willingness, and administrative feasibility, and
- Recommend implementation arrangement and plan for the chosen financing modalities.
Scope of the study
This assignment has three main tasks as follows:
Task 1. Analyze various financing modalities for SDF in the medium- and long-term
Task 2. Evaluate all relevant financing modalities for SDF by assessing costs and benefits, market readiness/willingness, and administrative feasibility
Task 3. Recommend implementation arrangement and plan for the chosen modalities
