Finance Secretary Krishna Hari Banskota and WB Country Director for Nepal Susan Goldmark signed an assistance agreement for two projects -- Enhanced Vocational Education and Training Project (Event) and Urban Governance and Development Program: Emerging Towns Project -- at a function on Thursday.[break]
The assistance received for Event will help improve access to technical education and vocational training for disadvantaged youth. The project is expected to help about 75,000 Nepali youth get access to short-term skills training, technical education, and opportunities for certifying their existing skills.
The training will cover mainly poor youth, women, and youth belonging to Dalit, Janajati and other marginalized communities, as well as persons with disabilities, apart from youth from backward regions.
“An inclusive and accessible technical education and vocational training system can contribute to making Nepali workers more competitive in a globalized world,” a press statement quoted Goldmark as saying.
Likewise, Urban Governance and Development Program: Emerging Towns Project will channel municipal grants and provide capital financing for the construction and rehabilitation of socio-economic infrastructure in six municipalities -- Mechinagar, Dhankuta, Itahari, Lekhnath, Baglung and Tansen.
The WB says additional municipalities may be added at a later stage with the expansion of the project. The project will also support institutional development activities in the six municipalities as well as three key central agencies -- the Ministry of Local Development, the Town Development Fund and the Department of Urban Development and Building Construction.
The project will also help develop a rational and transparent system of fiscal transfers to municipalities, as well as for capital financing of urban infrastructure, among others.
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