[{"bbox": [158, 119, 497, 147], "category": "Section-header", "text": "## 3.4 Risks and Lessons Learnt"}, {"bbox": [62, 158, 1167, 1562], "category": "Table", "text": "<table><thead><tr><td>Category</td><td>Risks</td><td>Likelihood (High/ Medium/ Low)</td><td>Impact (High/ Medium/ Low)</td><td>Mitigating measures</td></tr></thead><tbody><tr><td>The Government of Liberia political commitment to TVET and leadership against agreed targets and timeframe can be reinforced</td><td>1</td><td>Medium</td><td>Medium</td><td>Regular policy dialogue between the EU and the Government of Liberia will continue and will be informed by evidence generated by the project. Efforts will be deployed to strengthen the technical, administrative and management capacities of key staff in the MoE and the MoYS to implement TVET sector reform at county and national levels. Development Partners coordination and dialogue with Government of Liberia is reinforced.</td></tr><tr><td>Inter-ministerial collaboration in TVET is limited and can be improved</td><td>2</td><td>Low</td><td>Low</td><td>The intervention will support Government of Liberia priorities to strengthen TVET governance in line with the (draft) national TVET policy and the Education Sector Plan (ESP). Each Ministry will designate focal points for the Action. The Youth Rising Project Steering Committee involves all relevant stakeholders and will continue to operate.</td></tr><tr><td>Limited financing capacity by the Government of Liberia</td><td>3</td><td>Medium</td><td>High</td><td>EU and other donors will systematically raise the TVET financing issue in policy dialogue with Government of Liberia. In addition, ancillary measures to attract and retain teachers, and improve VTCs financing autonomy will continue to be implemented. Public Financial Management (PFM) reform support, reinforced and more inclusive budgetary process, improved domestic revenue generation.</td></tr><tr><td>Private sector engagement with the TVET sector is limited</td><td>5</td><td>Medium</td><td>High</td><td>Private sector will be systematically engaged in curricula development activities and TVET delivery. In addition, a study on private-sector incentives to engage in TVET will be conducted, and incentives piloted to build partnerships between VTCs and the private sector/industry. Lessons from the EU funded 'Technical vocational education and training by the private sector in Liberia' project implemented by GIZ in partnership with the Association of Liberian Construction Contractors (ALCC) will inform the Action.</td></tr><tr><td>New graduates from target VTCs are not absorbed at the expected rates because economic growth is slower and offers fewer labour market opportunities than expected</td><td>6</td><td>Medium</td><td>Medium</td><td>Project activities are aligned to the needs of the labour market. A labour market needs assessment will be conducted in each County, and a methodology for forecasting skill demands will be devised. The training programmes will equip graduates with skills in demand from potential employers, as well as</td></tr></tbody></table>"}, {"bbox": [1026, 1680, 1142, 1704], "category": "Page-footer", "text": "Page 12 of 24"}]