On November 1, 2022, Banyan Global announced that it was awarded the United States Agency for International Development (USAID)/Partnerships for Productivity (PADU) Activity in Indonesia. PADU is a five-year activity that aims to enhance private sector investment in technical and vocational education and training (TVET) institutions through partnerships with private sector firms and government-run vocational training centers called Balai Latihan Kerja (BLKs).

Banyan Global will facilitate and catalyze private sector partnerships to improve the capacity of BLKs to address skill gaps in the labor market, work with government ministries to strengthen labor market information systems and services, and promote the implementation and utilization of tax incentives for the private sector.

“Banyan Global is thrilled to partner with USAID and the Government of Indonesia to build sustainable partnerships between the private sector and BLKs to align workforce development initiatives with market demand,” said Meaghan Smith, President and CEO of Banyan Global. “The results of this activity will help increase youth productivity and employability and revive long-term economic growth in Indonesia.”

Banyan Global and its partners, PT Sekolah Integrasi Digital and Pugajinou International Consulting, will provide technical and advisory services to support the Government of Indonesia’s Ministry of Manpower to develop public-private partnerships to improve youth’s workforce readiness with a strong focus on integrating women across all initiatives. Ultimately, PADU will increase Indonesia’s overall competitiveness and revive long-term economic growth.