World Bank approves US$60 million to boost higher education

The World Bank’s board of executive directors approved US$60 million to improve the quality of Nepal’s higher education, scale up online learning, and expand access to academic institutions for underprivileged and vulnerable students, reports Himalayan News Service.

“The COVID-19 pandemic has highlighted the critical importance of building back better and prioritising human capital development,” said Faris Hadad-Zervos, World Bank country director for Nepal, Maldives and Sri Lanka. “Improving access to quality higher education and helping students acquire the skills that are in demand in the labour market will contribute to Nepal’s COVID-19 recovery and strengthen its resilience.”

The Nurturing Excellence in Higher Education Programme builds on Nepal’s previous successful higher education projects supported through results-based financing. It will help the government of Nepal align its higher education sector with labour market needs, boost collaborative research and entrepreneurship, improve governance and access to quality higher education, especially for disadvantaged students.
Full report on The Himalayan Times site