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NDRC Approves the Foreign Capital Utilization Plan for the ADB Loan

to Jiangxi Shangrao Early Childhood Education

Demonstration Project

  Recently, the Foreign Capital Utilization Plan for the ADB Loan to Jiangxi Shangrao Early Childhood Education Demonstration Project has been approved by the National Development and Reform Commission. The project aims to improve early childhood education (ECE) facilities and quality by supporting Jiangxi Shangrao’s Implementation Plan for ECE Education Reform and Standardized Development. The project is financed by a 100 million USD loan from ADB and would be carried out in 9 counties (districts) in Shangrao Municipality, including Xinzhou District, Yushan County, and etc. To further improve Shangrao’s ECE service quality as well as to advance the distribution of ECE resources, the project takes the measure of innovative Results-Based Lending (RBL) modality, which uses 9 threshold indicators such as incremental number of children receiving three-year ECE and incremental ECE staff to children ratios as the basis of final loan disbursement.

(Department of Foreign Capital and Overseas Investment)