(MENAFN- Trend News Agency) RIYADH, Saudi Arabia, April 28. The IslamicDevelopment Bank (IsDB) is expected to provide financing in theamount of $10 million to enhance the education system inKyrgyzstan, said Adylbek Kasymaliyev, First Deputy Chairman ofKyrgyzstan's Cabinet of Ministers, during panel discussions held aspart of the annual meetings of the IsDB in Riyadh, Trend reports.
“As part of the Global Partnership for Education, whichsupported the implementation of the enhancing the foundations oflearning project worth $4.8 million, significant progress has beenmade. The project facilitated rehabilitation work in 41 communitykindergartens, procurement of essential furniture and educationalplay materials for 60 community kindergartens, and development of adigital educational course for distance learning targeting teachersand preschool children in the STEM field. Additionally, technicalassistance was provided to develop a strategy for the educationsector's development in Kyrgyzstan from 2021 to 2040. Theimplementation of this strategy will catalyze the overalldevelopment of the education sector in the country. Utilizing theallocated funds from the Saudi Development Fund totaling $500million, 36 public schools and 10 educational institutions are setto be constructed. The Islamic Development Bank is expected tocontribute $10 million to enhance the education system inKyrgyzstan”, he said.
Kasymaliyev emphasized that the commitment of these two majorpartners to education development in the country has led to thereservation of grant resources amounting to $15 million from theGlobal Partnership for Education to support the education sector inKyrgyzstan.
The Islamic Development Bank Group (IsDB) is holding its 2024Annual Meetings and Golden Jubilee in Riyadh from April 27-30,under the Royal Patronage of the Custodian of Two Holy Mosques,King Salman Bin Abdulaziz Al-Saud.
The 2024 Annual Meetings are being held under the theme of“Cherishing our Past, Charting our Future: Originality, Solidarityand Prosperity”, which marks IsDB's 50 years of fosteringsocio-economic development in its member countries.
Among other topics, the meetings will also feature roundtable onCOP29 with participation of Azerbaijani governmentrepresentatives.
As the premier South-South multilateral development Bank, the2024 IsDB Group Annual Meetings and Golden Jubilee attractsinternational and regional attention.
The Annual Meetings feature a series of side events withtop-level panelists from government, international and regionalorganizations, the private sector, academia, and civil society.
Ministers of Economy, Planning, and Finance from IsDB's 57member countries are participating in the event, along withrepresentatives of international and regional financialinstitutions, Islamic banks, private sector companies, national andinternational development finance institutions, international andregional organizations, NGOs, chambers of commerce & Industry, andbusiness councils.
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