ADB to provide $ 500m financial support

Sunday, 07 July 2013 - 19:09


The Asian Development Bank last week finalised a combined 500 million dollar financial support to the government's reforms and development initiatives.

The agreements on two key projects were signed by Finance Ministry Secretary Dr P. B. Jayasundera and ADB President Takehiko Nakao in Manila. 

Under the Education Sector Development Program, the ADB loans will finance the development of a national student assessment framework, which integrates school assessments with external exams to improve pass rates, and introduce a technology stream to allow secondary school graduates to move easily into vocational courses.