ADB approves 59.32 mil. dlrs Thai educational loan.MANILA Manila (mənĭl`ə), city (1990 pop. 1,601,234), capital of the Philippines, SW Luzon, on Manila Bay. Manila is the center of the country's largest metropolitan area, its chief port, and the focus of all governmental, commercial, industrial, , Sept. 28 Kyodo The Asian Development Bank Asian Development Bank A financial_institution established in 1966 to reduce poverty in the Asia-Pacific region. The bank is headquartered in Manila, Philippines and consists of 61 member countries. (ADB (Apple Desktop Bus) A low-speed serial bus for connecting keyboards, mice and other input devices on Apple IIgs and Macintosh computers. Starting with the iMac in 1998, the ADB was superseded by USB. ) said Tuesday it has approved 59.32 million dollars in educational loans to Thailand to boost the country's research and development programs, especially in agricultural biotechnology, chemistry and environmental science. The Manila-based bank said the loans, under the Higher Education higher education Study beyond the level of secondary education. Institutions of higher education include not only colleges and universities but also professional schools in such fields as law, theology, medicine, business, music, and art. Development Project, will enable selected Thai universities to provide postgraduate postgraduate after first degree graduation, the registerable degree in veterinary science. postgraduate degree may be a research degree, e.g. PhD, or a course-work masterate with a vocational bias, or any combination of these. academic and research programs in different fields, including energy and environmental technology. "The aim is to produce more scientists and engineers to make Thailand more competitive in the international market," the bank said in a statement. "The project will also strengthen the role of higher education in developing the domestic capacity to carry out research and development in collaboration with industry," it said. The project furthers the Thai government's plan to promote an autonomous framework for higher education by allowing the participating universities to adopt policy measures to transform themselves into autonomous bodies by 2002, the statement said. Thailand's unprecedented growth and industrialization industrialization Process of converting to a socioeconomic order in which industry is dominant. The changes that took place in Britain during the Industrial Revolution of the late 18th and 19th century led the way for the early industrializing nations of western Europe and over the two decades preceding 1997 were not accompanied by significant improvements in productivity, expanded investment in research and development, or an adequate increase in scientists and technicians. "These shortcomings A shortcoming is a character flaw. Shortcomings may also be:
It is estimated that by 2001 there will be a shortage of about 20,000 engineers, scientists and researchers with postgraduate qualifications," it said. Thailand was among the Southeast Asian economies severely hit by the financial crisis, which erupted in July 1997. The Thai educational loan will come from the ADB's ordinary capital resources with an interest rate to be determined according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the bank's pool-based variable lending rate system for U.S. dollar loans and a commitment charge of 0.75% annually, it said. The loan is repayable over 25 years, including a grace period of five years. Total cost of the project is estimated at 169.9 million dollars, the bank said, with the balance of the cost to be shouldered by the Thai government, universities, private companies and other sources. The Thai Ministry of University Affairs will be the administering agency for the education project, which is expected to be completed in 2004, it said. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion