Thursday, June 22, 2017

World Bank to provide Rs 19 billion loan

The World Bank (WB) has agreed to provide Nepal government with Rs 19 billion loan assistance for increasing the quality of education.
Finance secretary Shanta Raj Subedi and World Bank Nepal country manager Takuya Kamata signed the agreement today at the ministry.
The loan that requires five year’s time to pay off would be used for increasing educational quality, expanding justifiable access to primary and secondary education, improving teaching and learning activities and building strong and reformed educational system, a press statement issued by the Finance Ministry stated.
The initiative would contribute to the school sector reform plan of the government, said Kamata after the signing ceremony. He also said around seven million students and 180,000 teachers would benefit from the programme.
Likewise, Subedi, on the occasion, urged the Education Ministry and its subordinate bodies to be serious and work hard to implement the programme. He also requested the World Bank to provide additional support to the government’s initiatives to ensure sustainable social service, manage human resources and build development infrastructure of the country.

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