Tuesday, 27 May 2014

World Bank to provide US$100 mln for education

The World Bank Group has pledged US$ 100 million in aid to boost Myanmar's education sector.

It will help to improve and expand the Myanmar’s Government School Grants Program and Student Stipends Program, according to a press release from the World Bank on May 20.

About 8.2 million students in Myanmar will benefit from better-financed schools and more than 100,000 poor students will receive financial support to attend classes, said the release.

The fund comes from the World Bank's Decentralising Funding to Schools Project, financed by a US$80 million credit from the International Development Association and US$20 million from the Government of Australia through a multi-donor trust fund.

The project provides direct support to the Ministry of Education to expand funding for the national schools grants program that benefits all schools under the Ministry of Education, and a student stipends program focusing on 40 townships. It will also strengthen the Ministry’s capacity to monitor and implement these programs.

This project is the first World Bank engagement on education in Myanmar. It will also contribute to important longer-term goals in Myanmar’s education sector.

Most importantly, improving school grants and stipends programs will strengthen the ability of the Ministry of Education to provide a quality education for all citizens by helping to ensure that more students complete additional years of schooling, the World Bank said in the release.

source: Eleven Myanmar
Related Posts Plugin for WordPress, Blogger...