The World Bank Board of Executive Directors approved a US$40 million credit to the Republic of Moldova for the Education Reform Project, Info-Prim Neo reports. According to Elena Prodan, press officer of the World Bank Office in Chisinau, the project will support the Government‘s reform program in education sector over the next five years. The Education Sector Reform Project will finance reforms in four main areas: implementation of quality assurance standards for receiving schools; establishment of teachers’ and school directors’ training and remuneration programs; improvement in student assessment systems; and improvement in the quality of data and management systems. “The project beneficiaries include present and future students of Moldova, teachers, school directors and Moldovan economy as a whole, as the reforms will help produce better educated citizens with knowledge and skills that are relevant to the world and labor market of tomorrow,” said Abdoulaye Seck, World Bank Country Manager for Moldova. Since Moldova joined the World Bank in 1992, a total of US$910 million have been allocated to 45 operations in the country. Currently, the World Bank portfolio includes 11 active projects with total commitments of US$256 million. Areas of support include education, social assistance, e-governance, healthcare, water and sanitation, agriculture, business development, and others.