The African Development Fund supports the education sector in Eritrea with a
USD 19.2 million grant
17/12/2011
The African Development Bank's Group Board of Directors approved an African
Development Fund (ADF) grant of USD 19.2 million to Eritrea on November 30,
2011 to improve equitable access, quality and relevance of technical,
vocational education and training. The project will be financed jointly by
an ADF grant of USD 18.65 million and an Eritrean Government's contribution
of USD 2.06 million.
"The project was in line with the Bank's Higher Education, Science and
Technology strategy and the State of Eritrea's prioritization in these
sectors. It will contribute to foster inclusive economic growth", said AfDB
Vice President Kamal El Kheshen during a signing ceremony with the Director
General of Eritrean Treasury Department, in Tunis where the AfDB is located
temporarily.
The key outcome of this project will be an increase in the supply of quality
middle level technicians needed by the Eritrean economy. It will support the
provision of quality intermediate level technical and vocational training
skills needed in the manufacturing and other sectors to foster economic
growth and reduce poverty. Specifically, the project will mainstream
entrepreneurship while institutionalizing studies to measure the external
efficiency of training systems.
In addition to the 50,000 students targeted by the project, other
beneficiaries will include instructors, adults living near the technical
institutions who will have access to training or retraining in selected
modules in various trades.
To date, the African Development Bank has already financed two education
projects in Eritrea for a total amount of USD 50.47 million.
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Received on Sat Dec 17 2011 - 09:49:34 EST