{"id":69538,"date":"2021-08-19T22:40:53","date_gmt":"2021-08-19T20:40:53","guid":{"rendered":"https:\/\/www.csregypt.com\/?p=69538"},"modified":"2021-08-19T22:40:53","modified_gmt":"2021-08-19T20:40:53","slug":"world-bank-allocates-60-m-to-promote-higher-education-quality-in-nepal","status":"publish","type":"post","link":"https:\/\/csregypt.com\/en\/world-bank-allocates-60-m-to-promote-higher-education-quality-in-nepal\/","title":{"rendered":"World Bank allocates $60 m to promote higher education quality in Nepal"},"content":{"rendered":"<p dir=\"ltr\" style=\"text-align: left;\">The Government of Nepal and the <a href=\"https:\/\/www.csregypt.com\/en\/world-bank-issues-10-m-sustainable-development-bond\/\">World Bank<\/a> signed a $60 million financing agreement for the Nurturing Excellence in Higher Education Program to improve the quality of Nepal\u2019s higher education, scale up online learning, and expand access to academic institutions for underprivileged and vulnerable students.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\"><em>\u201c<\/em>Investing in human capital is a key priority of the Government of Nepal to help young people in Nepal realize their development potential,\u201d stated\u00a0Madhu Kumar Marasini, Finance Secretary. \u201cThis project supports the government\u2019s focus on recovery from the COVID-19 pandemic by strengthening the higher education sector and ensuring students all across Nepal including those from disadvantaged groups have access to quality education amid the pandemic\u2019s challenges.\u201d<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">The\u00a0<a href=\"https:\/\/projects.worldbank.org\/en\/projects-operations\/project-detail\/P171516\">Nurturing Excellence in Higher Education Program<\/a>\u00a0builds on Nepal\u2019s successful higher education projects supported through results-based financing. It will 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\u2019s universities.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">The program will also expand targeted scholarships to help disadvantaged students pursue labor market-driven academic programs and support equity grants to higher education institutions in needy and disaster-affected areas in Nepal.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">\u201cAn important aspect of Nepal\u2019s recovery efforts from the pandemic is to ensure that quality higher education is accessible, inclusive, and relevant to the demands of the labor market,\u201d said\u00a0Faris Hadad-Zervos, World Bank Country Director for Maldives, Nepal, and Sri Lanka. \u201cThis is key to helping Nepal build back better and strengthen its resilience. The World Bank is committed to support Nepal in this effort.\u201d<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">\n","protected":false},"excerpt":{"rendered":"<p>The Government of Nepal and the World Bank signed a $60 million financing agreement for the Nurturing Excellence in Higher Education Program to improve the quality of Nepal\u2019s higher education, scale up online learning, and expand access to academic institutions for underprivileged and vulnerable students. \u201cInvesting in human capital is a key priority of the [&hellip;]<\/p>\n","protected":false},"author":410,"featured_media":69539,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6029,984],"tags":[6622,9271,6739],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>World Bank allocates $60 m to promote higher education quality in Nepal - Csr 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