× Nepal’s Top 30 Business Houses Leadership Automobile Vaastu For Business 4th Newbiz Business Conclave Awards 2017 Nobel Prize in Economics 2017 Tourism Watch Educational Management Best Print Advertisement Published on NBA 2073-74 3rd National B-schools Rating-Ranking-Awards 2017 Investing Organisational Management Company Profile Education Dataspeak Business Visitors Nepal Politics Economy and Policy Cover Story Corporate Focus Business Financing Sectoral Tourism Trends Business Education Startup Scene Stock Taking Liquor Indicators Crossword Corporate Movements Living + Personality Interview No Laughing Matter Special Photospeak


Published on: 2017-08-10     426 times read    0  Comments

EU to Support Govt with Rs 61.4 Million for Schools

August 10: The Government of Nepal and the European Union (EU) signed a financing agreement entitled "Supporting Nepal's School Sector Development Plan" on August 9. This Agreement reinforces the cooperation between the EU and Nepal by continuing to support the promotion of inclusive and equitable quality education for all in addition to the ongoing joint initiatives on rural development, earthquake recovery, and governance, states a press release issued by the EU.

"We very much appreciate that the EU contribution uses directly government channels, because this brings down transaction costs and enhances coordination,'' said Finance Secretary Shanta Rah Subedi, who signed the agreement on behalf of the government of Nepal.

''This financing agreement provides the Government of Nepal with an important EU contribution to poverty reduction and socio-economic development in Nepal by raising educational access and achievements of the young generation on an equitable basis,'' said the EU Ambassador Rensje Teerink. She emphasized the importance of implementation and adequate financing for quality outcomes and stressed the need for continued collaboration and coordination between the efforts undertaken through the education sector recovery plan and overseen by the National Reconstruction Authority and the regular implementation and strengthening of school safety nationwide.


The EU's action in support of the School Sector Development Plan (SSDP) will assist the Government of Nepal in implementing the SSDP through providing financial and technical support to improving the management and service delivery in the education sector. It combines EUR 56.5 million of sector budget support with EUR 4.9 million of complementary measures (including capacity building and technical assistance).

With this programme the EU will join Nepal and other Development Partners through a sector-wide approach in building on the successes of the previous

education sector plan and the achievements made towards the Millennium Development Goals. In particular the SSDP aims to transform the gains in access into quality learning outcomes. This will be done alongside the continued earthquake recovery efforts and at the same time as the country is transitioning from a centralized to a federal form of governance. 

No comments yet. Be the first one to comment.
Four Types of Capitalism in Nepal
Capitalism or in other words, market economy. A system where capital goods are owned by individuals or private companies. A system where the production of goods and services is based on the needs of the market, especially the situation of demand and supply. Capitalism doesn't work when governments . . . read more »