Finland giving 20 million euros to support Nepal's education sector
July 15, 2017 03:20 AM NPT
KATHMANDU (REPUBLICA): Finland has agreed to provide 20 million eruos to Nepal to support the implementation of the school sector development plan (SSDP).
Finland's Ambassador to Nepal, Jorma Suvanto, signed an agreement with Baikuntha Aryal, Joint Secretary at the Ministry of Finance, on Friday, to provide 20 million euros in grant for the implementation of SSDP.
Issuing a statement, the Embassy of Finland to Nepal said that the support is for the initial five years (2016-2020) of the seven-year program (2016-2023).
According to the statement, Finland allocates 40 percent of its support to help achieve specific results, the so-called Disbursement-Linked Indicators (DLIs), while 60 percent of the support is in turn paid against satisfactory progress of the SSDP program as a whole. “Quality and equity in education remain the key concerns for Finland and have already for a long time been the priorities of Finland's support to Nepal's education sector.
The two DLI areas that Finland has prioritized represent the key markers for measuring the quality and equity in education,” the statement quoted Suvanto as saying.
Finland has supported the education sector in Nepal since 1999 and has co-chaired the Joint Financing Partners towards the end of School Sector Reform Plan (SSRP) and at the beginning of the SSDP.