Asian Development Bank (ADB) approves USD 182.89 million loan for Karnataka public schools

Key facts

• The Asian Development Bank (ADB) has approved a loan of USD 182.89 million under the Strengthening Karnataka Public Schools Program to improve the public school system in Karnataka.
• The programme aims to establish 500 integrated public school clusters across the state, offering education from pre-primary to secondary levels.
• The financing is provided through the results-based lending mechanism of the ADB and is aligned with the National Education Policy (NEP) 2020 and Karnataka government education reforms.
• The initiative focuses on strengthening teacher competencies, curriculum and assessment systems, school governance, management systems, and science, technology, engineering, arts, and mathematics (STEAM) learning.
• The funding is supplemented by a USD 10 million grant and a USD 25 million guarantee from the International Finance Facility for Education (IFFEd).