World Bank approves new financing to Cambodia for education improvement

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Phnom Penh, Jan 20 | The World Bank announced that it has approved new financing to help Cambodia improve equitable access to basic education.

In a statement, the World Bank said it will provide a $60 million credit through its International Development Association to Cambodia, reports Xinhua news agency

The funding will support the five-year General Education Improvement Project, which seeks to establish and develop human resources to develop a knowledge-based society in the Southeast Asian country.

“Cambodia has certainly made great achievements in expanding access to education, but equitable access to education for certain groups of children, such as those living in remote areas, coming from poor families or ethnic minority communities, and those living with disabilities, remains an issue,” said World Bank country manager for Cambodia Maryam Salim.

“Further, student learning outcomes have been greatly affected by the prolonged school closures caused by the Covid-19 pandemic. We strongly hope that the project will address these challenges and build back better,” she said.

The project’s key activities will include implementing a school-based management program, providing capacity development to teachers, school leaders, teacher trainers, and educational staff, and improving learning environments, the statement said.

The project calls for construction and rehabilitation of school buildings, science laboratories, teacher training institutions, dormitories for teachers, and special education schools, purchase of education technology equipment, as well as support for students with disabilities, it added.

Source: IANS

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Share Market Closing Bell: Nifty ends above 15,800, Sensex gains 180 pts

Share Market Closing Bell: Nifty ends above 15,800, Sensex gains 180 pts

The benchmark Indices Nifty started on the positive side after continuous sell off in last week and has managed to settle at 15842.30 with 60 point gain or 0.38 percent. However Nifty has failed to regain 16000 levels prior to LIC listing.

While Bank nifty has managed to settle at 33597.60 levels after gaining 1.44 percent. On the sectoral front, Nifty PSU Bank, Nifty Realty and Auto have contributed 2-3 percent gain on closing basis. On the flip side Nifty IT and FMCG ended with losses of 0.75 percent and 0.35 respectively. In Nifty, EICHERMOT, APOLLOHOSP and UPL were the top gainers while ULTRACEMCO, SHREECEM and ASIANPAINT were the prime laggards.

Technically, after forming the bearish candle on the weekly chart, the index has formed a Doji candlestick on the daily chart which shows indecisiveness among the trades. Moreover, the index has also faced a resistance from falling trend lines and showed profit booking from higher levels. However, Fibonacci retrenchment also has support around 15650 levels.

Traders may find buying opportunities for short term as if 15650 levels is protected. In the hourly chart, with support of the middle Bollinger band short term upside movement is expected. Stock specific action would drive the market in coming days too.

On the derivatives front, the highest call OI is at 16000 strike price followed by 16200 strike prices while on the put side, highest OI is at 15500 strike price. INDIA VIX closed at 24.53 with gain of 4.43 percent intraday indicating volatility is going to remain till weekly expiry . On the other hand, Bank nifty has support at 32600 levels while resistance is placed at 34500 levels.

Sumeet Bagadia
Executive Director
Choice Broking

Source: Choice India

 

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