WB donates US $177 mil. credit for education development in VN
VGP – Governor of the State Bank of Việt Nam (SBV) Nguyễn Văn Giàu and World Bank (WB) Country Director in Việt Nam Victoria Kwakwa have signed a sponsoring agreement and certain related legal documents for the School Education Quality Assurance Program and the Higher Education Development Policy Program on Saturday in Hà Nội.
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The signing ceremony between the Governor of the SBV and the WB Country Director in Việt Nam – Photo: VGP |
The preferential loan was worth of US $177 million, with which the WB wanted to support the further development of Việt Nam’s primary and higher education systems.
The School Education Quality Assurance Program was granted US $127 million credit from the WB, £17-million non-refundable aid from the UK Department for International Development (DFID), US $3 million assistance from Belgium, and US $26.9 million corresponding capital from the Vietnamese Government.
The program will be put under implementation in 35 cities and provinces nationwide during the period of 2009-15, targeting to better primary education quality and to support disadvantaged students.
The WB also supported US $50 million credit for the Higher Education Development Policy Program, allowing the Vietnamese Government to modernize its higher education sector for the national insdustrilization process.
By Hương Giang
