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<span style="font-family:"Arial Unicode MS","sans-serif"">Finance Secretary Madhu Kumar Marasini and World Bank’s Country Director for Nepal, Sri Lanka and the Maldives Faris Hadad-Zervos signed the agreement in this regard amid a function organized at the Ministry of Finance on Thursday (August 19).</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">During the signing ceremony<span style="font-family:"Arial Unicode MS","sans-serif"">, Secretary Marasini said that investing in human capital was a key priority of the government to help young people realize their development potential. “This project supports the government’s focus on recovery from the COVID-19 pandemic by strengthening the higher education sector," a statement issued by World Bank quoted Finance Secretary Marasini as saying. He further said that the project ensures students all across Nepal including those from disadvantaged groups have access to quality education amid the pandemic’s challenges.</span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial Unicode MS","sans-serif""> According to the World Bank, the Nurturing Excellence in Higher Education Programme builds on Nepal’s successful higher education projects supported through results-based financing. It will help the government 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 World Bank said. </span><br />
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<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial Unicode MS","sans-serif""> “This is key to helping Nepal build back better and strengthen its resilience,” he added. </span></span></span><br />
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<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial Unicode MS","sans-serif""> According to the World Bank, the Nurturing Excellence in Higher Education Programme builds on Nepal’s successful higher education projects supported through results-based financing. It will help the government 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 World Bank said. </span><br />
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<span style="font-family:"Arial Unicode MS","sans-serif"">Finance Secretary Madhu Kumar Marasini and World Bank’s Country Director for Nepal, Sri Lanka and the Maldives Faris Hadad-Zervos signed the agreement in this regard amid a function organized at the Ministry of Finance on Thursday (August 19).</span></span></span></p>
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<span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, World Bank’s Country Director Faris Hadad-Zervos said that an important aspect of Nepal’s recovery efforts from the pandemic is to ensure that quality higher education was accessible, inclusive, and relevant to the demands of the labor market.</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial Unicode MS","sans-serif""> “This is key to helping Nepal build back better and strengthen its resilience,” he added. </span></span></span><br />
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<span style="font-family:"Arial Unicode MS","sans-serif"">Finance Secretary Madhu Kumar Marasini and World Bank’s Country Director for Nepal, Sri Lanka and the Maldives Faris Hadad-Zervos signed the agreement in this regard amid a function organized at the Ministry of Finance on Thursday (August 19).</span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial Unicode MS","sans-serif""> “This is key to helping Nepal build back better and strengthen its resilience,” he added. </span></span></span><br />
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August 20: The World Bank has agreed to provide a concessional loan of US$ 60 million (equivalent to Rs 7.12 billion) for the Nurturing Excellence in Higher Education Programme. The financial assistance is meant to improve the quality of higher education, scale up online learning, and expand access to academic institutions for underprivileged and vulnerable students. Finance Secretary Madhu Kumar Marasini and World Bank’s Country Director for Nepal, Sri Lanka and the Maldives Faris Hadad-Zervos signed the agreement in this regard amid a function organized at the Ministry of Finance on Thursday (August 19).
During the signing ceremony, Secretary Marasini said that investing in human capital was a key priority of the government to help young people realize their development potential. “This project supports the government’s focus on recovery from the COVID-19 pandemic by strengthening the higher education sector," a statement issued by World Bank quoted Finance Secretary Marasini as saying. He further said that the project ensures students all across Nepal including those from disadvantaged groups have access to quality education amid the pandemic’s challenges.
According to the World Bank, the Nurturing Excellence in Higher Education Programme builds on Nepal’s successful higher education projects supported through results-based financing. It will help the government 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 World Bank said. Likewise, World Bank’s Country Director Faris Hadad-Zervos said that an important aspect of Nepal’s recovery efforts from the pandemic is to ensure that quality higher education was accessible, inclusive, and relevant to the demands of the labor market.
“This is key to helping Nepal build back better and strengthen its resilience,” he added.
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'title' => 'World Bank to Provide Rs 7.12 Billion Concessional Loan for Higher Education ',
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'summary' => 'August 20: The World Bank has agreed to provide a concessional loan of US$ 60 million (equivalent to Rs 7.12 billion) for the Nurturing Excellence in Higher Education Programme. ',
'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial Unicode MS","sans-serif"">August 20: The World Bank has agreed to provide a concessional loan of US$ 60 million (equivalent to Rs 7.12 billion) for the Nurturing Excellence in Higher Education Programme. The financial assistance is meant to improve the quality of higher education, scale up online learning, and expand access to academic institutions for underprivileged and vulnerable students. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Finance Secretary Madhu Kumar Marasini and World Bank’s Country Director for Nepal, Sri Lanka and the Maldives Faris Hadad-Zervos signed the agreement in this regard amid a function organized at the Ministry of Finance on Thursday (August 19).</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">During the signing ceremony<span style="font-family:"Arial Unicode MS","sans-serif"">, Secretary Marasini said that investing in human capital was a key priority of the government to help young people realize their development potential. “This project supports the government’s focus on recovery from the COVID-19 pandemic by strengthening the higher education sector," a statement issued by World Bank quoted Finance Secretary Marasini as saying. He further said that the project ensures students all across Nepal including those from disadvantaged groups have access to quality education amid the pandemic’s challenges.</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial Unicode MS","sans-serif""> According to the World Bank, the Nurturing Excellence in Higher Education Programme builds on Nepal’s successful higher education projects supported through results-based financing. It will help the government 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 World Bank said. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, World Bank’s Country Director Faris Hadad-Zervos said that an important aspect of Nepal’s recovery efforts from the pandemic is to ensure that quality higher education was accessible, inclusive, and relevant to the demands of the labor market.</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial Unicode MS","sans-serif""> “This is key to helping Nepal build back better and strengthen its resilience,” he added. </span></span></span><br />
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