World Bank invests USD500 million in Egypt education reform

16-04-2018 11:30 PM

World Bank invests USD500 million in Egypt education reform

World Bank invests USD500 million in Egypt education reform

The World Bank (WB) announced on Saturday 14 April a new USD500 million investment in Egypt’s education reform, to support increasing access to quality kindergarten education, improving the quality of learning and adopting technology as a vehicle to achieve the reform objectives.

In a statement, the bank said the project would expand access to quality kindergarten for some 500,000 children, train 500,000 teachers and education officials, and provide 1.5 million students and teachers with digital learning resources.

‏The five-year Supporting Egypt Education Reform will help transform the education system through bold modernisation initiatives. The project is aligned with Egypt’s “2030 Vision” sustainable development strategy, which places strong emphasis on the critical role of education reform in Egypt’s social transformation.

‏“Investing in people is key to inclusive economic growth. We welcome the World Bank’s support to the implementation of our ambitious home-grown education sector reform programme,” said Sahar Nasr, Egypt’s Minister of Investment and International Cooperation who also represents Egypt on the World Bank’s Board of Governors.

“It is a strategic opportunity,” she said, “and the government is fully committed to developing the education system to build a productive generation well-equipped and ready for the competitive world.”

The project aims to achieve its goals by improving access to and the quality of early childhood education, developing a reliable student assessment and examination system, enhancing capacity of teachers, education leaders and supervisors, and using modern technology for teaching and learning, assessing students, and collecting data, as well as expanding the use of digital learning resources.

‏“September 2018 marks the start of the journey to make our students ready for life, and we are pleased to have this partnership with the World Bank to accompany us on that journey. Our goal is to provide our students with the competencies they need to create a society that learns, thinks and innovates,” said Tarek Shawki, Egypt’s Minister of Education and Technical Education.

‏“Strengthening the education system is critical to improving productivity and promoting growth,” said Asad Alam, World Bank Country Director for Egypt, Yemen and Djibouti. “By focusing on strengthening learning conditions, young Egyptians will be better prepared for higher paying and skilled jobs of the future.”

‏The World Bank finances programs and projects to help Egypt reduce poverty and boost shared prosperity.

The focus of Bank support includes social safety nets, energy, transport, rural water and sanitation, irrigation, social housing, health care, job creation, and financing for micro and small enterprises.

The World Bank currently has a portfolio of 16 projects with a total commitment of USD6.69 billion.

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