The Asian Development Bank (ADB) will provide USD 200 million to improve the quality of Sri Lanka's secondary education system.
The government is to spend 4,800 million US dollars from 2013 to 2017 under its medium term expenditure program on education and the ADB will give 4 percent of the funds, Government Spokesman minister Keheliya Rambukwelle said.
While Sri Lanka has high levels of enrolment, survival and learning outcomes the government wants to improve the quality, achievement levels and regional disparities.
A National Education Sector Strategic Plan has been developed under the state human development program.
The ADB has agreed to provide funds under its new results based lending program over 5 years in tranches of 40 million US dollars from 2013.
The funds will be disbursed based on six indicators which will be jointly evaluated by the government and the ADB in the second quarter of every year.