ODA LOAN FOR UZBEKISTAN To Support Human Resources Development
1. Japan Bank for International Cooperation (JBIC; Governor: Hiroshi Yasuda) signed a loan agreement today totaling 6,347 million yen with the Republic of Uzbekistan to give support to the Senior Secondary Education Project in Uzbekistan. With this loan, the cumulative ODA loan commitments of JBIC to Uzbekistan numbered six and amounted to 56,238 million yen.
2. This loan will support the country's 50 agricultural schools, and will finance human resources development programs, including training of teachers in Japan, procurement of equipment for improving educational facilities and related consulting services.
3. In Uzbekistan, 50 percent of the population of 24 million is below 20 years of age. This large proportion of young people makes clear the central importance of developing the educational sector. However, outdated educational equipment and a shortage of human resources in the technology sector have posed serious problems. There is an urgent need for the country to address these issues as well as to raise the educational system to a level capable of fostering the development of young people who will support the socioeconomic transition in moving toward a market economy. Under these circumstances the Government of Uzbekistan has been trying to improve secondary and high school education for 15-18 years olds based on the National Program for Personnel Training law which was enacted in 1997. Its central focus is on vocational training in senior high schools, and in particular, special education in agriculture, because it is the most important industry in the country. The agricultural sector accounts for 30% of the GDP and 40% of employment.
4. It is expected that this loan will help develop human resources with professional expertise to modernize and diversify industries in a market economy.