Nepal receiving 16 billion grant from the World Bank

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  • March 26, 2023

Kathmandu, March 26: The World Bank is going to provide about 16 billion Nepalese rupees to Nepal.

The meeting of the Board of Directors of the World Bank held on Sunday decided to provide a grant equal to that 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 Maldives, Nepal, and Sri Lanka Faris Hadad Jervos said that investment in quality education is important for the development of human capital.

He said that this will also help the vision of the Nepal government to improve 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 to schools closed due to Covid-19, and help to build suitable classrooms and strengthen digital education. It will also be used in the scholarship program.

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