Secondary education is strongly correlated with economic development and with increased productivity, and is one of the key solutions to breaking the vicious cycle of poverty. The main economic, social and management arguments for undertaking the project are as follows:
- Secondary Education as a means for socio-economic development: There are high individual and social returns to investing in secondary education such as; skilled manpower, employment and self employment opportunities, higher wage earning etc.
- Secondary education and income-generation: Benefits of a good quality secondary education system are strongly correlated with economic development and with increased productivity. In the absence of a good quality education system the majority of the labor force will continue to lack skills that are crucial to increasing efficiency and productivity. The Project aims to enhance access to secondary education for the poor, and to provide a better quality education to the disadvantaged children of Bangladesh to enhance their employability and income-earning possibilities.
- Equity: The government has an important role to play in continuing to ensure the access to education, especially good quality education to all. But the constraints that government faces are limited resources and lack of coverage of benefit to all children, especially the poor. Through the Project, targeted stipends will be provided to the poor and significantly enhance access to secondary educational opportunities for the disadvantaged.
- Information: The government has a crucial role to play in the collection, analysis and dissemination of information on the quality and effectiveness of education provided in different institutions. There is a need to analyze the public and private fund flow to institutions and how efficiently this fund is being used for developing the quality of education. Therefore, there is a need to put in place an effective monitoring and evaluation mechanism to generate relevant data and information. The project aims at ensuring that such information is readily available and can feed back into policy formulation for the education system.
- Management: Management of secondary level education in Bangladesh has been a key concern for long. This would be an opportunity for the Government to provide support to the project institutions for overall qualitative improvement in school management. The project aims at bringing an attitudinal changes among all the important stakeholders involved in secondary education through providing training and mobilizing the community people