World Bank to provide Rs 16 billion in grants to Nepal

Published On: March 26, 2023 04:00 PM NPT By: Republica  | @RepublicaNepal

KATHMANDU, March 26: The World Bank is going to provide USD 120 million (about 16 billion NEPALI rupees) to Nepal.

The World Bank Executive Board of Directors on Sunday decided to provide a grant equal to this amount to implement the main school education sector program of the Government of Nepal. This program is based on previous school field programs.

World Bank Country Director for the Maldives, Nepal and Sri Lanka Faris Hadad Jervos said that investing in quality education is important for the development of human capital.

He said that this will also support the vision of the Nepal government to increase the quality of education and equitable access to fulfill the ambition of the new federal state. According to the World Bank, this grant will be used to address the damage caused by schools closed due to Covid-19, build suitable classrooms and strengthen digital education. It will also be used in the scholarship program.

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