World Bank launches $102.7m educational programme in Georgia
Overall, the project is expected to benefit around 116,000 preschool and general education students. Photo: World Bank.
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The World Bank is offering $102.7 million to support Georgia’s human capital by helping to enhance the quality of education, announces the World Bank.
We are excited to support the Georgian government’s commitment to the new generation. We believe that innovative, inclusive and high-quality education is essential for human capital development and will allow to narrow the skills gap between learning outcomes and labor market expectations”, said Sebastian Molineus, World Bank Regional Director for the South Caucasus.
The project has five goals:
- Expanding access to and improving the quality of early childhood education and care;
- Fostering quality teaching and learning in general education;
- Strengthening financing options and promoting adherence of higher education to international standards;
- System strengthening and stakeholder communication; and
- Supporting project management, monitoring, and evaluation.
As part of the project five new schools will be built in the coming six years, about 60 existing schools will be renovated, over 150 child-centered and modern preschool education programmes will be introduced.
Overall, the project is expected to benefit around 116,000 preschool and general education students.
Additionally, the project will also support students in higher education institutions with over 45 grants for modernised academic programmes with greater linkages to labour market.
The World Bank forecasts 4.6% economic growth in Georgia in 2019, 4.8% in 2020 and 5% in 2021, shows the Europe and Central Asia Economic Update of the World Bank.
The World Bank forecasts 5% economic growth in Georgia in 2019, 5% in 2020 and again 5% in 2021, shows the Global Economic Prospects report of the World Bank.Compared to the previous report which was published in June 2018, the World Bank moved its forecast up by 0.8 percentage points for 2018 and by 0.2 percentage points for 2019.
Georgian Minister of Finance Ivane Matchavariani has met with Executive Director of the World Bank (WB) Koen Davidse in Washington to discuss economic issues and to further strengthen cooperation between the bank and the country.
The World Bank has published a report titled Migration and Brain Drain 2019, in which it touches on economic conditions across the world prompting migration and brain drain.
Two of Georgia's major universities have switched to remote classes and services for their students as a measure for countering a coronavirus threat, with Ilia State University and University of Georgia announcing their decisions.
An international programme for the environment, funded and administered by the United States National Aeronautics and Space Administration, is launching at Georgian primary schools to contribute to young students' understanding of the global issue.
Georgian Prime Minister Giorgi Gakharia and Regional Director of the World Bank for the South Caucasus Sebastian Molineus have discussed cooperation between Georgia and the World Bank along with an action plan for vaccination, the European integration of the country and structural reform agenda, announces the government of Georgia.