The Government of Nepal and the World Bank have Agreed to Invest $60 Million in Nepal’s Higher Education Sector

Today, the Government of Nepal and the World Bank signed a $60 million financing agreement for the Nurturing Excellence in Higher Education Program, which aims to improve the quality of higher education in Nepal, scale-up online learning, and increase access to academic institutions for underprivileged and vulnerable students.

The Nurturing Excellence in Higher Education Program builds on Nepal’s successful higher education projects, which have been supported by results-based finance.

It will assist the Nepalese government in aligning its higher education system with labor force demands, boosting collaborative research and entrepreneurship, improving governance, and increasing access to high-quality higher education, particularly for disadvantaged students.

 The COVID-19 pandemic has provided strong incentives to grow online platforms and blended learning, which the initiative will assist Nepalese universities in scaling up.

The program will also provide equity grants to higher education institutions in Nepal’s needy and disaster-affected districts, as well as enhance targeted scholarships to help disadvantaged students pursue labor market-driven academic programs.

Photo Credit: https://www.usaid.gov/nepal/education