Additional Financing Agreement Signed to Improve Access to Education

2024-03-04 09:24:52

Ulaanbaatar, 2024 March 1 /MONTSAME/ On March 3, 2024, The Government of Mongolia and the Asian Development Bank (ADB) signed a USD15 million additional financing agreement to help improve access to quality pre-primary, primary, and secondary education in Mongolia. ADB East Asia Department Director General Muhammad Ehsan Khan and Minister of Finance Javkhlan Bold signed the agreement in Ulaanbaatar.

“Economic recession caused by the COVID-19 pandemic resulted in significant cuts in the education budget,” said Mr. Khan. “Unless we expand school facilities, we risk exacerbating missed educational opportunities caused by the pandemic, especially for disadvantaged children.”

The ongoing USD50 million Sustaining Access to and Quality of Education During Economic Difficulties Project was approved in November 2017 to help the Government improve access to and the quality of pre-primary, primary, and secondary education. The project is constructing and expanding a total of 21 schools and kindergartens in Gobi-Altai, Darkhan-Uul, and Gobisumber amiags, and Ulaanbaatar city. It is also supporting curriculum and assessment system reforms, supplying educational materials, and training teachers, school managers, and local education administrators. The project is also strengthening systems for planning and managing education services.

The additional financing project will scale up the scope of the ongoing project by constructing, expanding, and furnishing three more schools and six more kindergartens. With this, a total of 30 schools and kindergartens will be built and expanded under the overall project, benefiting more than 7000 children. The buildings will also incorporate climate adaptation and resilience measures to minimize climate-related disruptions, as well as increase energy efficiency. The project is funded by ADB’s concessional ordinary capital resources and is expected to be completed in February 2027.