KATHMANDU: The UK's Department of International Development (DFID) has agreed to provide a grant assistance of Pound 29.5 million (approximately NRs 4.48 billion) to the Government of Nepal for the implementation of Skills for Employment Programme.

Baikuntha Aryal, head of International Economic Cooperation Coordination Division at Ministry of Finance and Gail Marzetti, head of DFID Nepal on behalf of their respective government singed a Memorandum of Understanding amid a programme on Thursday.

The overall objective of this programme is to assist in the recovery efforts to help Nepal “Build Back Better” and to take advantage of the potential economic dividend of a growing working age population by helping to improve the skills of Nepali people, including women and disadvantaged working groups; and helping them to undertake employment activities either in Nepal or through migration.

The programme would be implemented mainly under the Council for Technical Education and Vocational Training (CETVT), the Ministry of Finance stated in a press release today.

The Government of Nepal has expressed a sincere appreciation to the government of the UK for this assistance and also for its continued support in the socio-economic development of Nepal.