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N. Macedonia to get 3 mln euro grant for education investments - CEB

N. Macedonia to get 3 mln euro grant for education investments - CEB Hans VolleBregt/CC BY-SA 2.0

SKOPJE (N. Macedonia), May 18 (SeeNews) - The Council of Europe Development Bank (CEB) and North Macedonia have signed an agreement for a grant worth 3 million euro ($3.15 million) from the Western Balkans Investment Framework (WBIF) for investments aimed at improving the quality of physical education at local schools, the CEB said.

The multi-donor grant will provide funding for the renovation of physical education facilities in primary and secondary schools and acquisition of sports equipment, the CEB said in a press release on Tuesday.

The grant will benefit more than 52,000 students in North Macedonia, the press release reads.

The WBIF is a financing facility established by the European Commission, Western Balkan countries, bilateral donors, the CEB and other financial institutions to deliver funding for strategic investment projects in the region.

The grant represents WBIF bilateral donors’ contribution, coming from the pledges of Austria, Sweden, Norway, and Germany at the moment of grant approval, the CEB said.

($ = 0.9512 euro)

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