The Asian Development Bank (ADB) is providing $80 million to improve secondary and tertiary education in Sri Lanka. ADB will provide the assistance in the form of a $65 million loan and a $15 million grant to support the Education for Knowledge Society Project.
The Government of Sri-Lanka will contribute $25.3 million for the project. The project will improve the quality, relevance, effectiveness, and accessibility of secondary and tertiary education. ADB's grant will fund for a scholarship program, an initiative for innovative teaching programs for ICT and an HIV/AIDS health education program. The program will also upgrade one public secondary in each of the 150 poorest administrative divisions in the country identified by the government. These schools will offer advanced level science and teaching in key objects like ICT, English and technical subjects, to enhance skills in areas of high skills demand, including manufacturing and services.