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World Bank To Finance Second Credit Programme To $25 Mln On Reformat

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  • World Bank To Finance Second Credit Programme To $25 Mln On Reformat

    WORLD BANK TO FINANCE SECOND CREDIT PROGRAMME TO $25 MLN ON REFORMATION OF EDUCATIONAL SYSTEM

    ArmInfo
    2009-07-10 16:14:00

    ArmInfo. Parliament of Armenia has started discussing the agreement
    between the Armenian government and the World Development Association.

    According to Education and Science Minister Armen Ashotyan, who
    introduced the document for ratification on behalf of the president,
    the agreement was signed on June 5, 2009, and aims at implementation
    of the second programme on reformation of the country's educational
    system. The total cost of the programme make sup 17 mln SDR ($25
    mln). The credit has been provided on standard terms - for 40 years at
    0,75% per annum and delay of payments - the first 10 years. Primarily,
    the funds will be directed to improvement of the situation in the
    general secondary schools and bringing it in conformity with the
    Bologna process provisions. The second programme will be a continuation
    of the first one to be completed in autumn, 2009. Bringing of the
    educational system in conformity with European standards has been laid
    in the basis of the programme. The second programme, in accordance with
    the first one, is somewhat extended in the frames and covers not only
    the secondary school but also the pre-school education. Implementation
    of the programme will allow to increase the number of the children,
    that will contribute to solution of the problems of the socially
    unprotected=2 0 population strata. Reforms of the legislation are
    also envisaged within the frames of the programme to be completed
    in 2017. The second component of the programme - assistance to the
    higher and professional education, that proceeds from the Bologna
    process requirements. Besides extension of the potential of HEEs and
    special educational establishments, the programme aims at rendering
    of technical assistance to them and extension of the opportunities,
    that will allow to increase not only the quality of education but also
    to make it available. It is also scheduled to implement some pilot
    programes in 2010 concerning advanced training of students, and in 2014
    - receive the first results of these programmes. In the conditions
    of the economic crisis, implementation of the programme will allow
    to preserve the country's educational system, бthe minister said.
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