Mozambique | World Bank grants additional loan to for education sector

The World Bank approved an additional loan to Mozambique worth USD45 million to finance the government’s higher education, science and technology project, the institution said in a statement sent to Macauhub.
In a statement, the World Bank said continued expansion of education and high population growth results in increased rates of enrolment and completion of primary and secondary education, which in turn increases the pressure on access to higher education and professional and technical education.
From 2004 to 2012, the number of secondary school graduates increased from less than 8,000 per year to 41,500, and the government of Mozambique estimated that this number will increase to over 140,000 in 2016 and could even double to 280,000 by 2020.
“Rapid economic growth in Mozambique has increased the demand for graduates, faster than supply has been able to provide, especially graduates of applied sciences and engineering and skilled technicians,” said Mark Lundell, World Bank director for Mozambique. MDT/Macauhub