Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Uncategorized

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

byCustoms Today Report
27/06/2015
in Uncategorized
Share on FacebookShare on Twitter

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.

You might also like

Pakistan to get $3b loan from Islamic Trade Financing Corporation

20/10/2024

Lahore I&I & Enforcement anti-smuggling operations achieve record success in early FY 2024-25

10/09/2024

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).

 

Related Stories

Pakistan to get $3b loan from Islamic Trade Financing Corporation

byCT Report
20/10/2024

ISLAMABAD: Islamic Trade Financing Corporation (ITFC) to provide Pakistan with a $3 billion loan, according to an official statement released...

Lahore I&I & Enforcement anti-smuggling operations achieve record success in early FY 2024-25

byCT Report
10/09/2024

LAHORE:  Regional Directorate of Customs Intelligence & Investigation has demonstrated exceptional performance in the first two months of the fiscal...

ICCI and CDA to join hands for tree plantation drive in Capital

byQaisar Mansoor
09/08/2023

ISLAMABAD: Islamabad Chamber of Commerce and Industry (ICCI) in collaboration with the Capital Development Authority (CDA) would jointly launch a...

Customs Officials Yawar Abbas & Tariq Mehmood kidnapped in Karachi

byCT Report
08/07/2023

KARACHI: Customs Intelligence Officer Yawar Abbas and Customs Preventive Officer Tariq Mehmood who were working against smuggling were kidnapped by...

Next Post

Apple says in iOS 9 advertisers will not be able to view app-download data for ad-targeting purposes

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.