IDA TO PROVIDE US$ 11.1 MILLION FORSTEP PROJECT

IDA to provide US$ 11.1 million forSTEP project

A grant agreement of US$ 11.1 million signed betweenthe Government of Bangladesh and the InternationalDevelopment Agency (IDA) as additional financing to theongoing Skills and Training Enhancement Project (STEP).The government of Canada, which is giving the grant amount,will provide upto 19.8 million Canadian Dollar for theproject through the Multi-Donor Trust Fund administratedby the World Bank. The project will be implemented forthe period July 2010 to June 2016. The project is structuredaround three key components: (1) improving the quality andrelevance of diploma and short term training programs; (2)strengthening the capacity of key institutions such as DTE,BTEB and BMET and (3) strengthening the monitoring andevaluation of the TVET sector.

 




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