Nepal, EU sign grant agreement of more than Rs 10.5 billion
The flag of the European Union Kathmandu, July 21 A grant agreement of more than Rs 10.5 billion has been signed between Nepal and the European Union (EU) for two different programmes. During a program held at the Finance Ministry on Friday, two distinct financing agreements were signed. The first agreement entails a grant of 50 million pounds sterling (equivalent to Rs. 7.38 billion) dedicated to ‘Quality Education for All’ in support of the School Education Sector Plan – SESP. The second agreement involves a grant of 22 million pounds sterling (equivalent to Rs. 3.25 billion) designated for the ‘Local Adaptation to Climate Change’ initiative. Quality Education for All will support the implementation of the government’s School Education Sector Plan in a sector-wide approach (SWAP) supported by eight development partners, including the EU. The overall objective of this support is to contribute to a well-educated and skilled society in Nepal which is able to play an active role ...