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Sri Lanka signs $100m credit agreement with World Bank over education

The Sri Lankan government on Monday signed a US$ 100 million credit agreement with the World Bank to support the island's higher education sector. 

The Accelerating Higher Education Expansion and Development (AHEAD) operation is aimed at increasing enrollment in priority disciplines, improving the quality of degree programs, and promoting research and innovation in the higher education sector. 

“Sri Lanka’s aspiration to rise to an Upper Middle Income Country status depends on the skills and versatility of its people. The higher education system must result in skills that allow individuals to contribute to sustainable economic development of the country,” Idah Pswarayi-Riddihough, the World Bank Country Director for Sri Lanka and the Maldives said