Schools in Meghalaya to gain from the Asian Development Bank
SHILLONG: The Asian Development Bank (ADB) is a regional development bank established on 19 December 1966 which is headquartered in Ortigas Center located in Mandaluyong, Metro Manila, Philippines. The bank admits the members of the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP, formerly the Economic Commission for Asia and the Far East or ECAFE) and non-regional developed countries
What can be termed as good news for the state of Meghalaya especially when the state is in a financial crunch. More than 100 government aided schools will see the light of the day under a project funded by the Asian Development Bank(ADB). Meghalaya chief minister Mukul Sangma informed mediapersons that the ADB funded project "Supporting Human Capital Development in Meghalaya" is the first of its kind in India which focuses on improvement of secondary education and skill development.
It is worthy to note that in a press release on October 2013, the Asian Development Bank(ADB) roped in India's Meghalaya state to improve its secondary education and vocational training. Sungsup Ra, Director of the Human and Social Development Division in ADB'S South Asia Department said that the $100 million project will help ensure that students in Meghalaya will have the right curriculum, teaching and equipment which will ultimately get their skills ready to clinch good jobs later on.
Sangma said that that during such externally aided projects, the funding agency looks at the credit worthiness of the State. The project will improve the quality of the learning environment for nearly 20,000 poor students, 40 per cent of which will be girls and also provide training for 3,500 under-qualified teachers.
The share of the amount is divided as 100 million US has been given the green light by the ADB, the State Government will pool 25 million US dollars of the total project cost. On the other hand the Japan Fund for Poverty Reduction for capacity building of civil society organizations and government departments and agencies in the State will add 2 million US dollars.
The Chief Minister said that, "Since the project has to be completed in five years, we have to move fast. None can develop in isolation these days, instead it is essential to equip the children to face the challenges and become competent global citizens."
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