World Bank to provide 60 m US dollar education grant

The World Bank (WB), one of major international donor is going to provide $ 60 million for reform in higher education in Nepal.

Despite World Bank's earlier agreement to provide the sum on the Higher Education Project II, the launch of the project has been delayed due to volatile political situation in the country.

Of total grant project, a reform grant is $38 million, financial assistance for students is $7 million, grant for higher secondary education is $13 million and strengthening systemic capacity covers $2 million.

The five-year long project will address the disparity in access to higher education, ensure financial sustainability of constituent campuses and provide financial assistance to the students. The project will also provide grants to about 200 higher secondary and secondary schools, which have a proven track record and which maintain accountability requirements.

World Bank's delegates held a meeting with officials of the University Grant Commission (UGC) in this regard on Sunday.

A report quoted Professor Dr. Kamal Krishna Joshi, chairman of the UGC as saying that the agreement on launching the project would be signed by April 2007 and the full-fledged work of the project would begin thereafter.

World Bank to provide 60 m US dollar education grant

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