This is the right moment to reform Technical and Vocational Education and Training(TVET) in low- and middle-income countries. In a context of rapidly changing labormarkets and evolving skills needs due to globalization, technological progress,demographic transformation, and climate change, the need for well-performing TVET iscritical for ensuring smooth job transitions. Also, at times of high youth unemploymentworldwide and record enrollment in basic education, TVET can provide an opportunityfor many to transition quickly to the labor market, to perform critical jobs with higherproductivity, and to support the transition to sustainable and resilient societies. However,despite its high potential, TVET often falls short of expectations in low- and middleincomecountries. This is largely due to challenged TVET learners, unsupported TVETteachers, and weak incentives for TVET providers and the resulting inadequate links between TVET and labor markets.