EBRD highlights cooperation with Hyundai Rotem to train youth in Egypt

16 / 07 / 2023

By Marwa Nassar - -

The European Bank for Reconstruction and Development (EBRD) highlighted- as an example on the International Youth Skills Day – its cooperation with Hyundai Rotem to provide on-site certification and training to 80 young women and men on maintaining Cairo’s Metro infrastructure and rolling stock.

EBRD cited this as an example for the bank’s efforts to upskill youths

The EBRD helps businesses succeed by helping them to address workforce challenges and provide better products and services. Companies can focus on issues such as talent management and skills improvement to create a highly productive and resilient workforce, leading to innovation and growth.

By bringing together the private and public sectors, the Bank supports high-quality, work-based and certified training for young people across its regions, in partnership with national education authorities, local technical and vocational education and training (TVET) schools and universities.

“Youth employment is essential for sustainable and inclusive growth across the EBRD regions, as well as for social cohesion and political stability,” said Barbara Rambousek, EBRD Director for Gender and Economic Inclusion. “We have developed a distinct approach to youth inclusion by working directly with our clients in a broad range of sectors to provide skills training and routes into jobs of the future for young people.”

“This creates a win-win situation: companies need talented and engaged people to innovate and grow, while young people need an opportunity to gain relevant skills and launch their careers. In this way, the EBRD is working to dismantle barriers and build stronger, fairer economies that work for all,” she added.