EU continues to support in Nepal's education sector

KATHMANDU: The European Union has committed to provide Euro 61.4 million to the Government of Nepal for the promotion of inclusive and equitable quality education for all through 'Supporting Nepal's School Sector Development Plan'.

In a statement today, EU said the Memorandum of Understanding was signed today.

On the occasion, Shanta Raj Subedi, Secretary of the Ministry of Finance on behalf of the Government of Nepal and EU Ambassador Rensje Teerink signed the MoU today.

"We very much appreciate that the EU contribution uses directly government channels, because this brings down transaction costs and enhances coordination," Subedi said after the signing, as stated in the statement.

Similarly, EU Ambassador Teerink said, this financing agreement provides the GoN 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.

With this agreement, EU, the Government of Nepal and other development partners through a sector-wide approach building on the success of previous education sector plan would help the achievements of Millennium Development Goals.

The financing agreement highlights the EU's commitment to supporting Nepal in SSDP implementation to ensure quality education delivery for all children, it said in the statement.