The World Bank has supported a $ 200 million loan to modernize Ukraine’s higher education system.

Friday, May 7, 2021
1 MIN
The World Bank has supported a $ 200 million loan to modernize Ukraine’s higher education system.

On May 5, 2021, the Board of executive directors of the International bank of reconstruction and development approved the project "Improving higher education in Ukraine for results" to provide Ukraine with a $ 200 million loan to implement measures to improve the efficiency, quality and transparency of higher education.

These funds will be used to purchase modern equipment, create laboratories for students and scientists, carry out repair work to improve the efficiency of educational space at the university.

In particular, the purchase of modern computer equipment and software to increase informatization in universities, as well as providing a high level of education, including distance learning.

The main goals of the Project are to increase the competitiveness of higher education seekers in the labor market by updating approaches to teaching, learning and investing-in-ukraine/service-for-investors/business-consultant/" rel="dofollow">research in accordance with modern challenges.

The Ministry of education and science of Ukraine, as the responsible executor, will implement the Project for five years.

In the near future, measures will be taken to sign the relevant Agreement between Ukraine and the IBRD and to form criteria for the selection of higher education institutions that will participate in the Project.

According to the Government portal.

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