EAA, ADB ink $250m deal to co-finance education projects

Doha, Qatar: The global education fund, Education Above All (EAA), and the Asian Development Bank (ADB) have signed an agreement to co finance ADB s e...

Doha, Qatar: The global education fund, Education Above All (EAA), and the Asian Development Bank (ADB) have signed an agreement to co-finance ADB’s education projects and to address pressing issues in the sector.

The total budget of this collaboration is nearly $250m which includes $100m in grants from the EAA Foundation with the support of the Qatar Fund for Development (QFFD) and $150m in loans from ADB.

The partnership deal was signed by the EAA Acting CEO, Mohamed Saad Al Kubaisi, and ADB Vice President for Sectors and Themes, Fatima Yasmin at the Doha Forum, yesterday.

Mohammed Al Kubaisi stated: “Our partnership with the ADB marks a pivotal moment in advancing education and skills development for those who need it most. By combining ADB’s expertise and resources with our commitment to empowering vulnerable communities, we aim to create meaningful opportunities that enable beneficiaries to unlock their full potential."

Together, we aim to provide not only access to education but also the skills needed to thrive in today’s rapidly changing world. This collaboration is an important step in building a more inclusive, resilient future for all.”