Kathmandu, 10 July: The World Bank’s Board of Executive Directors has approved two separate additional financing of $50 million each to support the implementation of the government’s flagship School Sector Development Program and improve efficiency in the public resource management systems of Nepal’s health sector.
“Strengthening Nepal’s school sector and building resilient health systems are critical for human capital development, particularly for poor and vulnerable populations,” stated Faris Hadad-Zervos, World Bank Country Director for Maldives, Nepal, and Sri Lanka. “Through this support to the Government of Nepal, we aim to mitigate learning losses and ensure that children return to schools and improve efficiency of spending and fiscal space for delivering quality and accountable healthcare services.”
The Additional Financing to the School Sector Development Program will help reduce dropouts and mitigate learning losses by supporting pro-poor targeted scholarships, pro-science scholarships, and catch-up programs. It will lay the foundation for the next school sector successor program in two areas – assessment and data systems and help create the fiscal space to fill the gap in financing the government’s flagship program. It will also support the implementation of federalism in Nepal by aligning the program with the federal structure to improve efficiency and achievement of results, according to a press statement issued by the Kathmandu-based World Bank office.
People’s News Monitoring Service
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