Regional bank approves $9.28M for BVI

The Caribbean Development Bank (CDB) today announced that it has approved a $9.28 million loan to support the government of the British Virgin Islands (BVI) in improving the quality, equity, and effectiveness of the territory’s education system.

It noted that the total cost of the Education Sector Support Project is $13.56 million – to which it said the BVI government will contribute $4.27 million.

CDB also stated that the project will be implemented by the Ministry of Education and Culture, and is part of the ‘first phase of a comprehensive reform’ of the BVI’s education system.

“The project’s overall goals include improving the teaching and learning environment; improving the quality and effectiveness of the education system; and strengthening the leadership capacity of the education sector,” the CDB further said in a media release.

Social Sector Division Chief at the financial institution, Deidre Clarendon, noted: “Quality education is critical for addressing poverty, vulnerability, and achieving sustainable human development. Through this project, CDB is pleased to be making an investment in improving the quality of education for all students; and in supporting improvements in planning, leadership, and delivery of education services – including special education needs programmes.”

The institution added that its intervention also aims to provide additional ‘gender-responsive psycho-social support to vulnerable and at-risk’ students.

“Planned activities under the project include the construction of a multi-purpose complex, classrooms and other minor works at the Elmore Stoutt High School; and the upgrade of science, technical, and vocational education and training labs/workshops at the school,” CDB explained.

“In addition, Elmore Stoutt High School and the Virgin Island School of Technical Studies will both receive equipment, tools and learning materials; as well as learning resources and assistive devices for students with special education needs.”

CDB further stated that the initiative supports the BVI government’s national education strategy; and the education goals set out in the Organisation of Eastern Caribbean States Education Sector Strategy 2012–2021, which was adopted by BVI in 2016.

“The project is consistent with the bank’s education and training policy and strategy, and its corporate priority to improve quality and access to education and training and citizen security,” added the CDB.

The regional financial institution was established in 1970 to contribute to the harmonious economic growth and development of its borrowing member countries.