The Education Ministry has closed the negotiations on the financing agreement to the value of US$40 million with the International Development Association (IDA), Info-PrimNeo reports. According to a communiqué from the Ministry, the largest part of the money will be invested in the rehabilitation of the infrastructure of 94 district schools and in the outfitting with furniture, equipment and information technology. The project will also support activities to train the teaching personnel, to modernize the education management information system and to improve the student assessment system. The project will be presented for approval to the World Bank Board of Executive Directors on January 24, 2013. Afterward, the financing agreement will be submitted to the Parliament of Moldova for ratification.