World Bank approves 60 million USD to strengthen Nepal’s higher education

“The COVID-19 pandemic has highlighted the critical importance of building back better and prioritizing human capital development,” stated Faris Hadad-Zervos, World Bank Country Director for Maldives, Nepal, and Sri Lanka.

“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.

” In a press release published on Friday, World Bank said that the Nurturing Excellence in Higher Education Program 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, the release said.