The Republic of Moldova will raise a $40 million loan from the World Bank for implementing the Education Quality Improvement Project. The financing is supplemented with three co-financing grants totaling about €20 million, which are provided by foreign partners, IPN reports.
The Cabinet approved the signing of the loan agreement between Moldova and the International Bank for Reconstruction and Development.
Minister of Education and Research Anatolie Topală said the money will go to build three classical lyceums in the north, south and center of Moldova, to modernize infrastructure, to digitally transform the learning environment in about 200 schools and to rehabilitate approximately 15 schools and 15 kindergartens.
According to the minister, the project will significantly contribute to modernizing the educational system. “With this financing, we will be able to narrow inequalities in access to education, to improve the quality of offered services with emphasis on the most disadvantaged and vulnerable children of the Republic of Moldova and also on Ukrainian refugee children,” stated Anatolie Topală.
The project will benefit from co-financing grants, including $4.8 million from the Global Partnership for Education Fund, $5 million from the Early Learning Partnership Multi-Donor Trust Fund, and a non-reimbursable concessional contribution of $10 million from the Global Concessional Financing Facility.
The project will be implemented in 2023-2029.
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