The European Investment Bank will lend €58 million to the Ministry of Education and Science of Ukraine and finance ongoing modernisation of the country’s vocational education and training (VET) system.
The investment from the EU bank will finance the establishment of up to nine VET centres of excellence in up to nine oblasts of Ukraine (Chernihiv, Donetsk, Dnipropetrovsk, Ivano-Frankivsk, City of Kyiv, Odesa, Ternopil, Volyn and Zakarpattia) and improve educational facilities for over 10,000 teachers and students.
The EU has complemented the loan with an €8.5 million grant, which will provide technical assistance for efficient project preparation, implementation and procurement. This loan supports the implementation of the ‘EU4Skills: The Better Skills for Modern Ukraine programme of the European Union’, launched in 2019.
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