World Bank announces Rs 7 billion assistance for improving the quality of higher education in Nepal

WASHINGTON:  The World Bank has announced US  60 million (Rs. 7.2 billion) assistance to improve the quality of higher education in Nepal.

According to a statement from the World Bank, the bank board of directors approved the aid on Friday. The World Bank has stated that the amount has been allocated to give access to education to poor and marginalized children and to emphasize online learning.

“The coronavirus pandemic has made us realize the need to build skilled manpower,” said Faris H Hadad Zervos, the country director, Nepal.

The World Bank also hopes that the assistance will help Nepal build a workforce with an emphasis on higher education. The main objective of the program is to attract the poor who are facing financial crisis due to the COVID -19 pandemic to higher education.