The World Bank Provides US$23 Million for Education – Monday, 9.8.2010

http://cambodiamirror.wordpress.com/

 

via Khmer NZ

 

Posted on 10 August 2010.  

The Mirror, Vol. 14, No. 677

 

“Phnom Penh: According to an announcement of the World Bank on 5 August 2010 in Washington, the World Bank approved US$23 million as grant aid and loan to reinforce higher education in Cambodia.

 

“The announcement reads that of the US$23 million, US$11.5 million is grant aid and the other US$11.5 million is a loan.

 

“The World Bank Country Manager in Cambodia, Mr. Qimiao Fan, stated, ‘Investment in human resources for sustainable development and poverty alleviation is part of the strategy of aid for Cambodia.’

 

tho”According to the announcement about funding for Cambodia, released on Friday evening [6.8.2010], the project to strengthen higher education quality and to promote capacity aims at consolidating teaching quality, management, and research capacity, and will also provide scholarships to students who otherwise would not have the opportunity to study.

 

“The World Bank Country Manager added, ‘I hope that the new project will help Cambodia, especially the Ministry of Education, Youth, and Sport, to strengthen quality standard of education as well as to build up educational capacities for the public and the private sectors.

 

“High ranking officials of the Royal Government of Cambodia welcomed this aid – it is what Cambodia needs for the development of human resources. Also, such development requires involvement from the local authorities, donors, and non-government organizations.

 

“The five-year project will concentrate on:

1. Strengthening of the capacity of higher educational systems in Cambodia by promoting the development, management, and good governance of higher education institutions. This includes strengthening the capacity of the Department of Higher Education, the Department of Research and Studies, the Committee on Quality Education, and of institutions of higher education.
2. Contributing to development of competitiveness and new kinds of loans that can help consolidate teaching and management, as well as offer real solutions to developmental problems in Cambodia.
3. Providing scholarships to students who otherwise would not have the opportunity to study, based on the definition of the target groups of the poor, and on educational criteria.
4. Monitoring and assessing the management of the project.

 

Nokor Wat, Vol.1, #25, 8-9.8.2010

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Monday, 9 August 2010