The World Bank's Regional Director for the South Caucasus Mercy Tembon and Minister of Finance of Georgia Ivane Matchavariani have signed a loan agreement on the amount of EUR 90 million, for the implementation of the project "Innovation, Inclusive Education and Quality".

The project will promote the development of human capital through the increasing of access to pre-school education, quality education and ensuring a favorable learning environment. The Board of Executive Directors of the World Bank has approved this loan for Georgia on May 29, 2019.

According to the statement of Minister of Finance Ivane Matchavariani – “The project of “Innovation, Inclusive Education and Quality" will promote the development of our main resource - human capital, through the increasing of access to pre-school education, quality education and ensuring a favorable learning environment”.

The World Bank believes that these changes are important in the education reform of Georgia, which will facilitate the preparation of the country for the 21st century labor market and economy. Within the framework of this project, have been emphasized the introduction of inclusive principles in the pedagogy and teaching process, quality and innovation in preschool, secondary and higher education institutions, which will benefit each citizen.

The project is in full compliance with World Bank's partnership strategy 2019-2022 for Georgia and will support the Government of Georgia in the implementation of 2018-2023 education reform.