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EIN PRESSWIRE | NEWSMATICS


EDUCATION ABOVE ALL FOUNDATION, ASIAN DEVELOPMENT BANK SIGN $250 MILLION
AGREEMENT TO ADVANCE YOUTH EDUCATION AND SKILLS




News provided by

EIN Presswire

Dec 09, 2024, 7:16 AM ET

Signing Between EAA Foundation and ADB at Doha Forum

DOHA, QATAR, December 9, 2024 /EINPresswire.com/ -- Education Above All
Foundation (EAA), a global foundation for education and development, and the
Asian Development Bank (ADB) have announced a high-level collaboration at the
Doha Forum. The total budget of this collaboration is approximately USD 250
million which includes $100 million in grants from EAA Foundation, with the
support of Qatar Fund for Development (QFFD), and $150 million in loans from
ADB.

The collaboration aims to support marginalised children and youth in developing
countries in Asia and the Pacific through a comprehensive approach spanning
primary education, skills, tertiary education to employment, leveraging EAA
Foundation’s diverse programmes and ADB’s extensive resources.

The partnership focuses on addressing barriers to education such as poverty,
discrimination, conflict, challenging geographies, and climate change. EAA
Foundation will commit to supporting education of out of school children (OOSC),
youth and learning for climate action in schools, post secondary education, and
skills development for jobs, with particular emphasis on green skills for youth
capacity development for climate action, green jobs, and green entrepreneurship.

The agreement will place renewed emphasis on support for post-secondary and
university education, in addition to employability and skills development
training, with the ultimate outcome of securing employment and self-employment
for youth (18-35) across multiple economic sectors, including job placement and
enterprise development.

Mohammed Al Kubaisi, Acting CEO of EAA Foundation, said: “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."

ADB Vice-President for Sectors and Themes Fatima Yasmin, said: “Every child and
youth deserves the right to education and skills that will help them thrive in
future jobs and this expanded partnership will make a tangible impact in the
lives of vulnerable children, including refugees and those internally
displaced,” said Ms. Yasmin. “By working with the EAA Foundation, we can help to
realize a more inclusive future for young people in our region through access to
quality education.”

EAA Foundation and ADB have previously collaborated on impactful initiatives
including the Primary Education Development Programme (PDEP) initiative in
Bangladesh, which sought to provide high quality education to 650 000 out of
school children, fostering an inclusive, and equitable educational system. In
Pakistan, both organisations through the Integrated Social Protection
Development Programme aim to enroll 960,000 out of school children and enhance
access to quality education.

For more information about Education Above All Foundation, please visit
www.educationaboveall.org

[ENDS]
For media inquiries, please contact:
Patience Rusare

Senior Media Specialist

parusare@eaa.org.qa

+974-5993-1560

Mohamed Al-Amri

Senior Media Relations Specialist

msalih@eaa.org.qa

+974-5000-9960

Andrew Achimu
Tel: (632) 8632 4871
aachimu@adb.org

About the Education Above All (EAA) Foundation

The Education Above All (EAA) Foundation is a global foundation established in
2012 by Her Highness Sheikha Moza bint Nasser. EAA Foundation aims to transform
lives through education. We believe that education is the single most effective
means of reducing poverty, creating peaceful and just societies, unlocking the
full potential of every child and youth, and creating the right conditions to
achieve Sustainable Development Goals (SDGs).

Through our multi-sectoral approach, unique financing models, focus on
innovation as a tool for social good, and partnerships, we aim to bring hope and
real opportunities to the lives of impoverished and marginalised boys and girls.
EAA Foundation is comprised of the following programmes: Educate A Child (EAC),
Al Fakhoora, Reach Out To Asia (ROTA), Protect Education in Insecurity and
Conflict (PEIC), Innovation Development (ID) and Together project.

About ADB

ADB is committed to achieving a prosperous, inclusive, resilient, and
sustainable Asia and the Pacific, while sustaining its efforts to eradicate
extreme poverty. Established in 1966, it is owned by 69 members—49 from the
region.

Ghaydaa Fahim
Education Above All Foundation
email us here
Visit us on social media:
Facebook
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LinkedIn
Instagram

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind.
We do not accept any responsibility or liability for the accuracy, content,
images, videos, licenses, completeness, legality, or reliability of the
information contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the author above.

NOTE: This content is not written by or endorsed by "KSWB", its advertisers, or
Nexstar Media Inc.

For inquiries or corrections to Press Releases, please reach out to EIN
Presswire.



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