ADBI outlines relief programme for poor students
The Asian Development Bank Institution (ADBI) recently briefed participants at the 22nd annual meeting the goal of its Conditional Cash Transfer programme, which aims to solve cross-generation poverty, said Kraiyos Patrawart, deputy managing director of Equitable Education Fund (EEF).
The event, held in Japan on November 29-19, was attended by economic academics and experts, and over 50 bank executives in Asia.
“ABDI will publish research and innovation development under the programme in its policy report of 2020” he said. “The Conditional Cash Transfer provided funds for poor students and promoted an improvement of financial literacy skill to those students equally from hand-on practice through project such as ‘Equity Partnership’s School Network’.
The project was a cooperation between EEF, JD Central, and an international school network of 171 schools. “It aims to improve students' financial literacy skill, entrepreneur skill and usage of financial and ecommerce technology for promoting educational equality” he said. “Also, the programme aimed to promote a sustainable solution for cross-generation poverty for families of students receiving the fund”.
ADBI will provide tools and financial skill courses for those students under EEF patronage. Several foreign academics also joined in research work of the programme. “The research will focus on families of poor students for sustainable solution to inequality” the deputy managing director added.
“ADBI believes that if poor people are taught about finance, being able to draw financial plan and manage their money effectively in spending, savings and debt caring; they will be able to step out from poverty,” he said.