World Bank supports Myanmar with $100m for education

Myanmar schoolgirlThe World Bank Group has pledged $100 million in aid to boost Myanmar’s education sector. It will help to improve and expand the Myanmar’s Government School Grants Programme and Student Stipends Programme, according to a press release from the World Bank on May 20.

About 8.2 million students in Myanmar will benefit from better-financed schools and more than 100,000 poor students will receive financial support to attend classes, said the release.

The fund comes from the World Bank’s Decentralising Funding to Schools Project, financed by a $80 million credit from the International Development Association and US$20 million from the Government of Australia through a multi-donor trust fund.

The project provides direct support to the Ministry of Education to expand funding for the national schools grants programme that benefits all schools under the Ministry of Education, and a student stipends program focusing on 40 townships. It will also strengthen the Ministry’s capacity to monitor and implement these programs.

This project is the first World Bank engagement on education in Myanmar. It will also contribute to important longer-term goals in Myanmar’s education sector.

Most importantly, improving school grants and stipends programs will strengthen the ability of the Ministry of Education to provide a quality education for all citizens by helping to ensure that more students complete additional years of schooling, the World Bank said in the release.



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The World Bank Group has pledged $100 million in aid to boost Myanmar's education sector. It will help to improve and expand the Myanmar’s Government School Grants Programme and Student Stipends Programme, according to a press release from the World Bank on May 20. About 8.2 million students in Myanmar will benefit from better-financed schools and more than 100,000 poor students will receive financial support to attend classes, said the release. The fund comes from the World Bank's Decentralising Funding to Schools Project, financed by a $80 million credit from the International Development Association and US$20 million from the Government...

Myanmar schoolgirlThe World Bank Group has pledged $100 million in aid to boost Myanmar’s education sector. It will help to improve and expand the Myanmar’s Government School Grants Programme and Student Stipends Programme, according to a press release from the World Bank on May 20.

About 8.2 million students in Myanmar will benefit from better-financed schools and more than 100,000 poor students will receive financial support to attend classes, said the release.

The fund comes from the World Bank’s Decentralising Funding to Schools Project, financed by a $80 million credit from the International Development Association and US$20 million from the Government of Australia through a multi-donor trust fund.

The project provides direct support to the Ministry of Education to expand funding for the national schools grants programme that benefits all schools under the Ministry of Education, and a student stipends program focusing on 40 townships. It will also strengthen the Ministry’s capacity to monitor and implement these programs.

This project is the first World Bank engagement on education in Myanmar. It will also contribute to important longer-term goals in Myanmar’s education sector.

Most importantly, improving school grants and stipends programs will strengthen the ability of the Ministry of Education to provide a quality education for all citizens by helping to ensure that more students complete additional years of schooling, the World Bank said in the release.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00