THE ASIAN DEVELOPMENT BANK PROMISES AID TO SCHOOLS IN MEGHALAYA

ASIAN DEVELOPMENT BANK, NEW DELHI, INDIA
More than 100 schools in Meghalaya are going to benefit from the financial aid committed by The Asian Development Bank (ADB). All these schools are government aided and will be aided under a project named “Supporting Human Capital Development in Meghalaya”. ADB is a regional development bank headquartered in Mandaluyong, Metro Manila, Philippines. It was established on 19 December 1966 and it admits the members of the United Nations Economic and Social Commission for Asia and thePacific and non-regional developed countries. The Director of the Human and Social Development Division in ADB’S South Asia Department, Mr. Sungsup Ra has stated that US $ 100 million will be spent as a part of this project which focuses on improvement of secondary education and skill development. This money will be spent on providing proper infrastructure, equipment and teaching facilities to the students in Meghalaya. Ensuring the right curriculum in schoolswhich can help students in easily landing jobs after completing their education will also be emphasised. Out of the total cost of US $ 100 million, US $ 25 million will be borne by The Meghalaya Government and US $ 2 million will be provided by Japan Fund for Poverty Reduction for capacity building of civil society organizations and government departments and agencies. The “Supporting Human Capital Development in Meghalaya” Project is expected to be completed within the next five years.