MCC to Allocate $140 Million to Support the Education System
To support the development of the education system, the Millennium Challenge Fund โ Georgia held a pre-tender consultative meeting for interested parties.
The Millennium Challenge Corporation (MCC) of the United States of America selected Georgia as an eligible country for MCC's second five-year compact to promote economic development and reduce poverty.
During the preliminary negotiations, the Government of Georgia identified improving the quality of human capital and eliminating the shortage of qualified technical specialists and professionals in economic sectors as its main priority. Within the framework of the project, the $140 million allocated for promoting the development of the education system will be spent precisely in this direction.
As part of the preliminary work to be carried out prior to the ratification of the compact, the Millennium Challenge Fund โ Georgia has announced an international tender for consulting services in the following areas:
The Government of Georgia and the Millennium Challenge Corporation (MCC) are considering the allocation of an investment ranging from $12 to $15 million within the framework of the second compact to promote the development of vocational education, which will be awarded through an open and transparent grant competition entitled "Competitive Proposal for Workforce Development." During the working meeting, a detailed discussion of the results of submitting ideas for the aforementioned competition was also held for interested individuals and organizations, representatives of higher educational institutions, public and vocational colleges, and business circles.
The working meeting was attended by Deputy Ministers of Education and Science of Georgia Aluda Goglichidze and Ketevan Natriashvili, United States Ambassador to Georgia Richard Norland, Resident Country Director of the Millennium Challenge Corporation Georgia Office Jim McNicholas, and CEO of the Fund Giorgi Zurabashvili.
