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Excessive Supply Of Graduates Contributes To Unemployment

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  • Excessive Supply Of Graduates Contributes To Unemployment

    EXCESSIVE SUPPLY OF GRADUATES CONTRIBUTES TO UNEMPLOYMENT

    YEREVAN, FEBRUARY 18. ARMINFO. - Today, the Ministry of Education
    and Science of Armenia and the United Nations Development Programme
    (UNDP) launched the Strengthening Policy Development Capacities of the
    Ministry of Education and Science project. Minister Mr. Sergo Yeritsyan
    and UN Resident Coordinator and UNDP Resident Representative Ms. Lise
    Grande signed a Memorandum marking the official start of the project.

    The Armenian Government actively cooperates with international
    organization to optimize the systems of education in the country, which
    will allow softening the negative consequences of the transitional
    period no the system of education, Minister Sego Yersitsyan says in
    the course of the ceremony.

    Yeritsyan says that to implement the programme designed for 6 months,
    the UN will provide Armenia 50,000 USD. The first component of the
    project will include a survey and analysis of the country's labour
    market and forecasts of labour requirements through 2015. Under
    the second component, a Concept Paper will be developed and policy
    recommendations made on reforming state management of science. The
    recommendations will aim at making the sector sustainable and efficient
    and responsive to the Armenian economy. The recommendations will also
    aim at ensuring that Armenian science remains highly competitive in
    the world and at the cutting edge of new technologies, he says.

    This innovative project supports other reforms in the education
    sector aimed at addressing the impact of the transition and ensuring
    links between employers and the country's education and training
    system. Recognising that standards have declined and that the
    excessive supply of graduates has contributed to unemployment,
    acted as a break on wage rates and led to continuing brain drain,
    the Government and international organisations are working together
    to reform the sector. Through UNDP's project, efforts will be made
    to ensure that instruction is targeted at the labour market and that
    vacancies are filled by candidates with practical knowledge and skills.

    Ms. Grande noted in her speech: "This project is a concrete indication
    of UNDP's commitment toward helping Armenia to build an open, modern
    and knowledge-based economy that is able to compete globally and
    attract investments. Education and science are critical sectors not
    only for the economy, but also for the social and cultural development
    of any country. And for a country like Armenia, with highly valuable
    human capital, sustaining positive traditions is the key to real
    success."

    The half-year project is co-financed by the Government of Armenia
    and UNDP.
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