The World Bank is offering $102.7 million to support Georgia’s human capital by helping to enhance the quality of education, announces the World Bank.
“We are excited to support the Georgian government’s commitment to the new generation. We believe that innovative, inclusive and high-quality education is essential for human capital development and will allow to narrow the skills gap between learning outcomes and labor market expectations”, said Sebastian Molineus, World Bank Regional Director for the South Caucasus.
The project has five goals:
- Expanding access to and improving the quality of early childhood education and care;
- Fostering quality teaching and learning in general education;
- Strengthening financing options and promoting adherence of higher education to international standards;
- System strengthening and stakeholder communication; and
- Supporting project management, monitoring, and evaluation.
As part of the project five new schools will be built in the coming six years, about 60 existing schools will be renovated, over 150 child-centered and modern preschool education programmes will be introduced.
Overall, the project is expected to benefit around 116,000 preschool and general education students.
Additionally, the project will also support students in higher education institutions with over 45 grants for modernised academic programmes with greater linkages to labour market.
