Review the VET financing system by diversifying its resources, developing a costing approach and improving the distribution of funds, their management and monitoring.
This will include establishment of the Vocational Education Development Fund, which will manage and allocate funds among VET institutions in a transparent manner. The planning should take into account the various sources of funds, both public and private (including VET private providers' and donors' contributions), in order to bridge the current gap between strategies and actual achievements, ensure more visibility and transparency, and make the policy more credible.