The World Bank has approved $80 million in funding to enhance the quality of higher education in Cambodia, with a particular focus on science, technology, engineering and mathematics (STEM).
The financing, provided through the International Development Association (IDA), aims to support the development of a skilled workforce to drive the country’s economic growth, according to press release from the World Bank Group on September 23.
According to the release, over the next six years, the initiative will benefit approximately 32,000 students, including 13,000 women, by updating educational curricula, training lecturers and incorporating digital learning methods.
It said the programme will be implemented in nine public higher education institutions and is expected to produce graduates and research outcomes that align with the country’s economic priorities.
The bank noted that special attention will be given to improving educational opportunities for female students and those with disabilities, alongside efforts to support female faculty members.
The project also includes the adoption of climate-resilient infrastructure standards and the promotion climate-related research.
“Strengthening high-quality higher education and preparing a critical mass of highly skilled graduates will help Cambodia advance its human capital and promote inclusive growth and development,” said World Bank country manager Tania Meyer.
The project builds on the success of a previous initiative that improved learning opportunities for over 128,000 students by establishing new academic programmes and research projects, as well as upgrading laboratory facilities, according to the press release.