WB to fund educational quality project
The Ministry of Education and Training
is awaiting approval from the State President on a World Bank
preferential loan of 85.4 million SDR (IMF’s monetary unit), roughly
127 million USD, for a project on education quality.
The Ministry of Education and Training
is awaiting approval from the State President on a World Bank
preferential loan of 85.4 million SDR (IMF’s monetary unit), roughly
127 million USD, for a project on education quality.
The funding will support a State primary school reform programme to open classes for the same students all day every week-day in an effort to improve the academic records of primary school children and increase the rate of those finishing school, especially among disadvantaged children.
The WB loan has a term of 40 years, including a 10-year grace period, that offers interest rate of zero, service charge of 0.75 percent and commitment charges of at most 0.5 percent a year.
The agreement and legal documents related to the project have already been signed by the State Bank of Vietnam Governor Nguyen Van Giau and a WB representative./.
The funding will support a State primary school reform programme to open classes for the same students all day every week-day in an effort to improve the academic records of primary school children and increase the rate of those finishing school, especially among disadvantaged children.
The WB loan has a term of 40 years, including a 10-year grace period, that offers interest rate of zero, service charge of 0.75 percent and commitment charges of at most 0.5 percent a year.
The agreement and legal documents related to the project have already been signed by the State Bank of Vietnam Governor Nguyen Van Giau and a WB representative./.
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