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World Bank Board approves $50m credit for ECD in Sri Lanka

byCustoms Today Report
29/06/2015
in Uncategorized
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COLOMBO: The World Bank Board has approved a US $50 million credit to improve the quality and increase equitable access to early childhood development (ECD) services in Sri Lanka.

“Early investment in human capital development is particularly effective at increasing the ability of disadvantaged children to access learning opportunities. It will also contribute to improve learning outcomes and support Sri Lanka to become more competitive in the global economy in the long run,” a World Bank statement said.

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Sri Lanka has recently established the State Ministry of Child Affairs to specifically promote the development and wellbeing of children in the 0-5 age group. The country has also developed a draft National Plan for Early Childhood Care and Development (2015-2020), to guide interventions in the ECD sector, which will be supported with this credit line. Early childhood is considered to be the period from conception to 5 years of age. Monitoring and managing the milestones for the 0-2 year olds are well-established in Sri Lanka, with the health sector playing a lead role in ensuring the holistic development of these children.

“Center-based ECD programs for children in the 3-5 age range are less developed. Sri Lanka has around 17,020 ECD centers staffed by 29,340 teachers.

Around 84 percent of these centers are under non-state management,” the statement noted.

“Sri Lanka needs to invest early, invest smartly and invest in all its people regardless of their socio-economic status if it is to meet its growth targets, end absolute poverty, and achieve shared prosperity”  World Bank Country Director for Sri Lanka and the Maldives Francoise Clottes said.

“Investing in Human Capital is crucial for the country to become competitive in the global economy, and this project aims at strengthening the foundation for Early Childhood Development in Sri Lanka”.

This five year project aims to enroll an additional 150,000 children in ECD centers, while enhancing an additional 2500 such centers to meet national quality standards. By the end of the project, 5000 ECD centers would have conducted annual child development assessments in order to validate the overarching project objective of improving quality of and enhancing equitable access to ECD.

The credit for this project is being provided by the International Development Association (IDA) – the World Bank’s concessionary lending arm –with a maturity of 25 years, including a 5 year grace period. The central government agency with primary responsibility for overseeing ECD service delivery is the Children’s Secretariat (CS), housed within the State Ministry of Child Affairs (SMCA).

 

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