The European Union (EU) transferred EUR 46.125 million (Tk 428 crore) today to the government of Bangladesh to support key national reforms in the education sector.
This is the first disbursement of an intended EUR 200 million budget under the EU sector budget support 'Human Capital Development Programme 2021', which focuses on strengthening the education and skills sector of Bangladesh with a specific focus on the primary, technical vocational education and training. In line with the National Education Policy and National Skills Development Policy, the EU support aims to contribute to the government of Bangladesh's own reform agenda and institutional capacity towards a comprehensive education and skills development approach.
Rensje Teerink, ambassador of the EU said, "Education is fundamental for the economic growth of a country and remains at the core of EU's development cooperation."
"Reaping the maximum benefit of Bangladesh's demographic dividend will largely depend on an inclusive and equitable quality Primary Education and Technical and Vocational Education system designed to cater for the future job market and employment generation. The EU remains committed to supporting Bangladesh in their efforts to strengthen its education system and realise its vision to become a middle-income country," she added.