The Government of Sri Lanka has entered into an agreement with the Asian Development Bank (ADB) to improve quality relevance effectiveness, and equity of access to secondary and tertiary education under the Education for Knowledge Society Project.
These two projects worth over US$ 130 million will accelerate the development of Small and Medium Enterprises. The total investment for the Education for Knowledge Society Project is US$ 105.3 million and it comprises of US$ 65 million loan and US$ 15 million grant from the ADB and US$ 25.3 million from the Government of Sri Lanka. These funds will be utilised for upgrading 150 provincially administered secondary schools in the poorest administrative divisions under the Isuru schools programme enabling them to offer advanced level science streams. Facilities for teaching in key subjects such as Information and Communication Technology (ICT), English and Technical subjects will be improved. Computers and internet facilities for 2125 schools and 15000 scholarships for poor students will also be provided. In addition, the project will support Government reforms in competency based education through the development of curriculum, instructional materials, performance standards and teacher training. The Centre of Excellence in English Education (CEIEE) will be established in Peradeniya to improve the quality of English langauge teaching while Sri Lanka Institute of Advanced Technological Education (SLIATE) will be upgraded to deliver more market responsive tertiary education. The project will be executed by the Education Ministry through the Higher Education Ministry, Provincial Education Departments, National Institute of Education and National Evaluation and Testing Service. All project activities are expected to be completed by 2012.