World Bank Funds 2 Education Projects in India

The World Bank approved USD1.05 billion for two education projects that aim to increase the number of enrollees and graduates and boost the quality of engineering-related education in India.

The bank will provide USD750 million in additional financing to help the Second Elementary Education Project expand its efforts to encourage more children to attend and finish school. The loan will support the employment of more teachers and construction of more school infrastructure, especially in areas where access to education is poor.

The World Bank will also provide USD300 million to help 200 carefully selected engineering schools scale up their services, particularly postgraduate education, development, innovation and research. The funds will be directed specifically to the Second Technical/Engineering Education Quality Improvement Project.

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  • Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.