Asian Development Bank (ADB) grants 90 million US$ to Bangladesh The Asian Development Bank (ADB) will provide Bangladesh with 90 million US dollars for development of skill of labour force in the country. An agreement to this effect was signed between ADB and the government of Bangladesh at a ceremony at the Ministry of Education at secretariat in the city. Secretary of the Economic Relations Division (ERD) Abul Kalam Azad and Country Director for ADB’s Bangladesh Resident Mission M Teresa Kho signed the loan agreement on behalf of respective sides. “The ADB support is aimed at overhauling secondary education and building the foundation for developing a skilled labor force in Bangladesh,” said a ADB statement issued. It said the assistance is the first tranche of the $500 million Secondary Education Sector Investment Program (SESIP) approved by ADB in September this year. “Skills shortage is a key challenge Bangladesh is facing to graduate to the next orbit of development,” said Country Director M. Teresa Kho. “Bangladesh has great potentials for rapid development if it can improve skills of the huge working-age population in the next decade.” The SESIP, scheduled to be complete in 2023, will support the Government of Bangladesh’s 10-year secondary education reform plan. This plan projects an increase of about 3.5 million students by 2023, requiring an additional 145,000 teachers and 10,000 more schools. The $90 million ADB assistance under the SESIP will help make teaching and learning more market relevant. Teaching equipment, laboratories, tools, and teachers training will be provided to improve and expand Science, Mathematics, and English teachings. Supplementary reading materials will be provided to school libraries under a reading habit promotion programme. Laboratory-based practical science teaching and school information hubs will be developed to enable students and teachers to access information communication and technology-based teaching and learning resources and modules. To increase equitable access and retention, the assistance will support development and implementation of a more efficient, equitable and harmonized stipend program. Selected schools will be physically upgraded in accordance with a need-based infrastructure development plan. Source: geebd/view_News_Details.aspx?news_Id=801&type_Id=47b55ed2-8e52-43f3-9317-126dc8e81ad1
Posted on: Sat, 23 Nov 2013 04:32:52 +0000
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