Nepal signs $120 mn concessional loan financing agreement and $19.7 mn grant agreement with World Bank

Kathmandu: The Government of Nepal and the World Bank today signed a financing agreement for a $120 million concessional loan from the International Development Association and a grant agreement for $19.7 million from the Global Partnership for Education for the School Sector Transformation Program (SSTP) Operation, which support the implementation of the government’s flagship School Education Sector Plan.

The agreement was signed by Arjun Prasad Pokharel, Finance Secretary, and Faris Hadad-Zervos, the World Bank Country Director for Maldives, Nepal, and Sri Lanka.

The operation focuses on improving foundational skills by implementing the national integrated curriculum in early grades.

The operation supports the government’s program through the development and implementation of the Recovery and Accelerated Learning Plan to address learning losses as a result of school closures due to COVID-19 and other disasters, strengthening teaching and learning in the classrooms.

Similarly, it also supports the construction of green and resilient classrooms, ensuring minimum enabling conditions such as qualified teachers, child-friendly taps and seating, and toilets in the early childhood education development centers, and strengthening digital teaching and learning materials, among others.

The operation also envisions improving the equity of the school sector by supporting girls, disabled students, and those of lower socioeconomic status, through targeted scholarship programs.