University World News
10 May 2009
The World Bank is to inject US$15 million to support tertiary education in private and public universities and institutes in Cambodia, the Ministry of Education has said, writes Khuon Leakhena for The Phnom Penh Post. The money will be spent over five years and will be aimed at boosting standards, providing scholarships for needy students and improving academic research and financial management.
Pith Chamnan, a Secretary of State at the Ministry, said the funding would be a significant boost to tackling weaknesses in the sector. US$15 million, said Chamnan, "is a small sum, but we consider it a start. We must ensure the four areas of spending reach their goals so that education quality will improve."
He said the ministry hoped for further funds if the project was successful, adding that the initial tranche of money had not yet reached the Ministry. The cash will be spent between 2010 and 2015.
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