OFID backs Sri Lanka tech education drive with US$50mn

ECONOMYNEXT – Sri Lanka is launching a 50 million dollar technical education and skills program with the help of a 50 million dollar loan from the OPEC Fund for International Development.

"The lines and working pattern of our workforce is bound to change with both emerging technologies and changing demand for skills," Sri Lanka’s Finance Ministry said in a statement.

"Therefore, it is necessary for Sri Lanka to align its education and skills development programme with emerging needs.

"The Vocational Training, Science, Technology and Research will be coming together for providing professional skills needed."

Sri Lanka’s government has recently introduced a 13-year mandatory education policy, which requires more infrastructure and teacher training.

The Education Ministry will construct technical laboritaries and provide equipment to expand technical and vocational education, and train teachers in a 60.7 million US dollar project.

The OFID is providing 50 million dollars. A long agreement was signed between Treasury Secretary R H S Samaratunga and Suleiman J A-Herbish Director General of OFID, on July 03, 2018, in Vienna. (Colombo/July07/2018)


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