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You are here: Home / cat / IDB Launches New Skills Development Agenda to Boost Growth in Latin America and the Caribbean

IDB Launches New Skills Development Agenda to Boost Growth in Latin America and the Caribbean

Dated: June 19, 2026

As the 2026 FIFA World Cup captures global attention, the Inter-American Development Bank (IDB) has unveiled its Education and Skills Development Thematic Framework 2025–2030, a strategic roadmap aimed at strengthening education systems and closing critical skills gaps across Latin America and the Caribbean.

The new framework highlights the growing importance of skills development in driving economic growth, productivity, and social inclusion. According to the IDB, strong education and workforce skills are as essential to a nation’s success as training and teamwork are to winning on the soccer field.

Despite significant progress in expanding access to education, the region continues to face major challenges. Only 19% of young people complete secondary education with minimum proficiency in mathematics, while many adults lack the literacy and job-related skills needed in today’s economy. Businesses are also struggling to find qualified workers, with more than half of large firms identifying skills shortages as a major obstacle to growth.

The IDB’s strategy focuses on strengthening institutional capacity, expanding lifelong learning opportunities, and improving the quality and relevance of education. The framework emphasizes better governance, teacher development, modern learning pathways, and stronger alignment between education systems and labor market demands.

The organization also advocates for smarter education spending, enhanced support for teachers, early intervention programs to reduce school dropout rates, and technical training programs designed in partnership with employers. Technology and artificial intelligence are expected to play a supportive role in improving learning outcomes when integrated effectively into classrooms.

Since 2015, the IDB has invested more than $5 billion in skills development initiatives across the region, benefiting millions of students and educators. The new agenda builds on these experiences to help countries prepare their populations for future economic opportunities.

As Latin America and the Caribbean seek to strengthen competitiveness and reduce inequality, the IDB believes investing in skills development will be key to unlocking long-term prosperity. The framework serves as a call for governments, educators, employers, and communities to work together in building the talent needed for the future.

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