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A Rs.100 million equity investment from ADB will enable Hippocampus Learning Centers (HLC) to expand its preschool programs to over 700 villages in Karnataka by 2016.

German development bank KfW will cofinance up to $2 billion over three years with ADB to promote development in the Asia and Pacific region, particularly in Bangladesh, India, Indonesia, Mongolia, and Viet Nam. The KfW cofinancing will focus on energy, urban infrastructure, climate change, small and medium enterprise financing, vocational training, and regional integration.

ADB President Takehiko Nakao today met with Sri Lanka’s President Mahinda Rajapaksa, as well as several ministers and senior officials, to discuss global, regional and bilateral issues, including challenges and opportunities for the Sri Lankan economy over the short to medium term.

ADB will lend $350 million to Bangladesh to help public and private institutions scale up skills training for 1.25 million young workers so they are well-equipped to find jobs and meet the changing needs of today’s labor market.

ADB and Japan are to help Myanmar upgrade and modernize technical and vocational training programs to meet the country’s pressing need for skilled young workers.

ADB's Board of Directors has approved a $100 million loan to help the government of Sri Lanka revamp its technical and vocational education and training which will equip youth with the required skills for the job market.

Preparatory work has begun for a project that aims to improve the efficiency and quality of technical and vocational education and training in Tajikistan, leading to increased skilled workers with better paid jobs.

ADB and the Government of India signed an agreement Thursday evening for a $100 million loan for Meghalaya that is aimed at enhancing the employability of the state’s youth through improvements in secondary education and vocational skills training programs.

ADB is helping Nanning city in Guangxi Zhuang Autonomous Region, People’s Republic of China, to improve the quality of pre-school education and training programs for elderly health care services via a comprehensive vocational training system.

As part of their global effort to promote the importance of girls education and to celebrate the International Day of the Girl on 11 October 2013, Intel, Plan International, and ADB will screen the documentary film “Girl Rising: Educate Girls, Change the World” at various community areas nationwide starting 11 October.