Lkd Facility

Background

About Lkd Facility

The Learning and Knowledge Development Facility (LKDF) is a platform that promotes industrial skills development among young people in developing countries. Working with the private sector through Public-Private Development Partnerships, the LKDF supports the establishment and upgrading of local industrial training academies to help meet the labour market’s increasing demand for skilled employees, ultimately contributing to inclusive and sustainable industrial development. The long-term success of local industrial academies that partner with the LKDF is ensured through constant monitoring of economic, environmental and social impact. UNIDO manages the facility, on behalf of the LKDF partners. The LKDF has 3 core functions- Results-based Learning and development to capture best practices and summarize and share lessons learned from PPDPs- Management training to provide support and guidance to training managers and decision-makers within the host country’s educational training system- Project development to support the development of new PPDPs and ensure the Facility’s long-term success. The LKDF aims to learn in a systematic way about PPDPs, as this kind of collaboration is an effective and increasingly used means to achieve international development goals. PPDPs are ventures where partners from the private, public and development sectors come together to design and implement a project with a wider development impact. They share cost, risks, rewards, and responsibilities.