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VietNamNews

Bank to fund education reform

Update: March, 02/2013 - 06:00

WASHINGTON (VNS) — The World Bank yesterday approved two credits totalling US$150 million to help Viet Nam support and sustain the implementation of its Higher Education Reforms Agenda and improve pre-school preparation for 5-year old children.

"The World Bank is pleased to support the strengthening of Viet Nam's education sector to help raise the country's economic competitiveness," said Victoria Kwakwa, the World Bank Country Director for Viet Nam."Improving education outcomes for the population is an important part of Viet Nam's economic and social development agenda and has been defined as one of the three breakthrough areas in its Socio-Economic Development Strategy for 2011-20," she stressed.

Accordingly, US$50 million will be used to support the implementation of policies designed to strengthen governance, financing and quality of higher education, while enhancing the fiscal transparency, sustainability and effectiveness of the higher education sector.

This is the third credit in this series of under the Higher Education Development Policy operations 3.

Meanwhile, the Viet Nam School Readiness Promotion Project aims to improve school preparation for children entering primary education.

It particularly focuses on those most vulnerable to not succeeding in a school environment, through supporting selected elements of Viet Nam's national programme on "Universal Early Childhood Education for 5 year old Children 2010-15."

The project supports efforts to expand full day pre-school enrolments, improve capacity for pre-school quality assurance and strengthen the professional expertise of teachers and principals.

The credits come from the International Development Association, the World Bank Group's concessional lending window for low income countries. — VNS

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