DILI, 06 august 2020 (TATOLI)– TL-Ministry of Finance has signed a $15 million budget agreement with the World Bank for the implementation of Basic Education Strengthening and Transformation project running over the next five year 2020-2025.
The agreement was signed by the Minister of Finance Fernando Hanjam and the Representative from the World Bank, Macmillan Anyanwu, at TL Finance Office Aitarak Laran Dili.
The project titled ‘BEST’ will focus on construction and rehabilitation of school buildings,school learning materials and evaluations based on budget plan processes from recorded data (data driver).
Based on the agreement TL will benefits the $8.55 million from total of $15 million as the project is implemented over five years.
“the intention of the project is to focus on construction and rehabilitation of school classrooms,” Minister of Finance Fernando Hanjam said.
Mr. Hajam said, the investment for the education sector is relevant and important as many countries have invested in their people to support the process of development.
“I am waiting to cooperate together to reach our propose, to find good results which will strengthen the education for children in our country and potentially transform our nation from this initiative,” he said.
According to approximation, the project will spend around $23.5 million during five years.
Journalist: Tomé Amado
Editor : Agapito dos Santos/Nick Kettle
Translation: Nelia Borges
