The World Bank today approved $700 million to improve the primary education sector in Bangladesh, said a press release.
The Quality Learning for All Program (QLEAP) will benefit more than 18 million children studying in pre-primary level to grade 5.
The Project will help improve quality and equitable access to primary education. It will help assess and improve learning outcomes for Bangla and mathematics for Grade 3 students, the release read.
“A major thrust of the project will be to improve school management system and provide professional growth for teachers,” Syed Rashed Al Zayed, World Bank Team Leader for the project, said, adding the financing will help ensure strong governance, adequate and equitable financing, and good management of the primary education system in Bangladesh.
The credit from the World Bank’s International Development Association, which provides grants or zero-interest loans, has a 38-year term, including a six-year grace period, and a service charge of 0.75.