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Friday, February 12, 2010 - 6.39 GMT |
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New project to
improve graduate employability |
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Cabinet
granted
approval
to a
memorandum
of
understanding
submitted
by
President
Mahinda
Rajapaksa
as the
Minister
of
Finance
to enter
into a
financing
agreement
with the
International
Development
Association
(IDA) of
the
World
Bank to
borrow
Special
Drawing
Rights
25.6
million
(approximately
USD 40
million
or Rs
4.5
billion)
for the
implementation
of the
'Higher
Education
for the
Twenty
First
Century'
Project.
The
objective
of the
project
is to
accord
high
priority
to
improve
the
employability
of
graduates
in areas
where
there is
high
graduate
unemployment
such as
the
Arts,
Humanities,
General
Sciences,
and the
External
Degree
Programmes.
Accordingly,
the
project
will
assist
to
improve
IT and
English
language
skills,
and soft
skills
such as
the
ability
to work
in
teams,
industriousness,
entrepreneurship
and good
communication.
The
project
will
also pay
special
attention
to the
development
of
higher
education
institutions
in the
lagging
regions,
particularly
in the
Northern
and the
Eastern
Provinces.
The
project
will
commence
in July
2010 and
is
expected
to be
completed
in
December
2015.
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