US allocates $140 mln for improvement of education system in Georgia

US allocates $140 mln for improvement of education system in Georgia

An agreement on allocating around $140 million worth next tranche for Georgia by "Millenium Challenge Corporation" (МСС) within the program of U.S Department of State, for improving the economy and poverty reduction, was recently signed between the Executive Director of the Corporation Daniel Yohannes and Georgia's Foreign Minister Maia Panjikidze.

During the signing ceremony, Georgia's PM Bidzina Ivanishvili stated that, the tranche by MCC envisages the implementation of the project for improvement of general education in Georgia, rehabilitation of over 100 schools in country's regions, establishment of relevant infrastructure there, re-training and professional development of teachers. According to him, within the second phase, all vocational schools of Georgia will receive grants for training of highly qualified professionals in technological sectors.

"Millenium Challenge Corporation" was established in early 2004, within the program of U.S Department of State for economical development and poverty reduction in the world. The first $300 million worth tranche was allocated by MMC for Georgia in 2005, later increasing this amount by $100 million. About five infrastructure projects were implemented in Georgia by using these resources, after which, the MMC Council made a decision to allocate a second tranche for Georgia in January, 2011.

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