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The Board of Directors of the Asian Development Bank (ADB) has approved $145 million in loans to develop new applied science and technology programs in four Sri Lankan universities.
“To achieve higher incomes and better standards of living, the Sri Lankan government aims to transform the country to a knowledge-based economy by 2025, with education playing a key role,” said ADB Principal Social Sector Specialist Ms. Gi Soon Song. “To this end, the project will help nurture a new breed of technology-oriented graduates equipped with skills and entrepreneurial spirit for the economy.”
Sri Lanka’s education system is facing several challenges in delivering quality learning relevant to the labor market, particularly in science, technology, and engineering subjects. Higher education opportunities as a whole are limited, with the gross enrollment rate at less than 19%—much less than the 50% average for upper-middle-income countries. Moreover, less than 20% of graduates are from science and engineering subjects.
A lack of investment, laboratory facilities, researchers, and qualified academic staff are holding back the quality of teaching, learning, and research. Existing degree programs in scientific or engineering areas are more theory-oriented and lack practical applications of knowledge and skills.
Recognizing this, the government in 2013 introduced a technology stream into secondary education, supported by an ADB Education Sector Development Program. Since 2015, about 7,000 students from the technology stream have become qualified for higher education annually. The government also selected 11 public universities to open new technology faculties. The World Bank is providing financing for 8 technology faculties. The government requested ADB to support the development of technology faculties in the remaining 3 universities—Kelaniya, Rajarata, and Sabaragamuwa—as well as an engineering faculty in the University of Sri Jayewardenepura.
Under the program, the universities will develop complete degree program curricula incorporating industry inputs and aligned with international standards. The project will also support the recruitment and training of academic staff for the new programs. Staff performance management systems will be strengthened to continuously improve teaching and learning, student services, and industry collaboration. The universities will develop joint proposals with industry partners for research and development activities to resolve industry problems or come up with new products and services. In addition, the project will develop a future project proposed for 2021 focusing on research and development capacity.
The total project cost is $165 million, of which the government will provide $20 million. It is due for completion at the end of 2023.
Original source: ADB
Published on 31 August 2018