World Bank Approves $60 Million to Strengthen Nepal’s Higher Education

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World Bank Approves $60 Million to Strengthen Nepal’s Higher Education

Photo Courtesy: World Bank Nepal's Facebook page

June 13: The World Bank has approved US$ 60 million to improve the quality of higher education in Nepal.

Issuing a statement on June 11, the World Bank said that the fund will be utilized to scale up online learning and expand access to academic institutions for underprivileged and vulnerable students.    
“Improving access to quality higher education and helping students acquire the skills that are in demand in the labor market will contribute to Nepal’s COVID-19 recovery and strengthen its resilience,” the statement quoted Faris Hadad-Zervos, the World Bank’s Country Director for the Maldives, Nepal, and Sri Lanka, as saying. 

The Nurturing Excellence in Higher Education Program of the World Bank builds on Nepal’s previous successful higher education projects supported through results-based financing, the statement further said.    
The World Bank’s country office said that the support would help the government of Nepal align its higher education sector with labor market needs, boost collaborative research and entrepreneurship, improve governance, and access to quality higher education, especially for disadvantaged students.    
“The COVID-19 pandemic has created strong incentives to expand online platforms and blended learning, which the program will help scale up across Nepal’s universities.”

 

 

 

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