Ahead of International Child Right’s Day, UNICEF released a new report warning of the dire consequences for children in Nepal as the COVID-19 pandemic progresses towards its second year. The majority of children in Nepal are found to have been deprived of their fundamental rights to education and wellbeing due to the indefinite closure of schools. In addition to the constitutional guarantee for free and compulsory education, the Children’s Act endorsed by the Government of Nepal in 2018 … [Read more...] about Children in Nepal deprives the Right to Education due to School closures
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Nepal: $350m agreements to support urban development and financial sector
The Government of Nepal and the World Bank have signed two separate agreements totalling $350 million yesterday that will brace up urban governance and the financial sector in Nepal in support of the country’s COVID-19 resilience and recovery efforts. The agreements for the Nepal Urban Governance and Infrastructure Project and the Finance for Growth Development Policy Credit were signed by Finance Secretary Mr. Sishir Kumar Dhungana on behalf of the Government of Nepal, and the World Bank … [Read more...] about Nepal: $350m agreements to support urban development and financial sector
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EU grants €8.1 million in Humanitarian Aid for Philippines, Nepal, and South-East Asian countries
The European Union is providing €8.1 million in humanitarian aid for the Philippines, Nepal, and countries in the South-East Asian region to support those affected by the coronavirus pandemic, natural hazards, and the consequences of man-made conflicts. Funding from this aid package will go for humanitarian and disaster preparedness projects in the Philippines (€2.51 million), Nepal (€2 million), and regional South-East Asia (€3.5 million). Commissioner for Crisis Management, Janez … [Read more...] about EU grants €8.1 million in Humanitarian Aid for Philippines, Nepal, and South-East Asian countries
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World Bank approves $80 million project to bolster Nepal’s Agriculture sector
The World Bank approved a $80 million project to bolster Nepal’s agriculture sector by strengthening rural market linkages and promoting entrepreneurship while creating jobs to support post-COVID-19 recovery. The Rural Enterprise and Economic Development (REED) Project will promote market linkages to support the growth of rural enterprises, especially those that are women-led. A key focus is on productive partnerships that will help add value, create jobs, and foster sustainable linkages … [Read more...] about World Bank approves $80 million project to bolster Nepal’s Agriculture sector
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Smallholder farming proving to be backbone of economy in Nepal
The agriculture sector in Nepal engages two-thirds of the nation’s labor force and contributes to more than one-third of its Gross Domestic Product (GDP). As such, the Agriculture Development Strategy (2015-2035) of Nepal targets an increase in the volume of food production through higher productivity by accelerating the growth of micro, small and medium agro-enterprises including those headed by women, youth, and disadvantaged groups. Some interventions to sustain smallholder farmers in the … [Read more...] about Smallholder farming proving to be backbone of economy in Nepal
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ADB Approves $50M Financial Aid to address Flooding in Nepal’s River Basins
The Asian Development Bank (ADB) has approved a financial aid of $50 Million to assist and mitigate flooding in Nepal’s River Basins. The project will focus on flood risk management in six priority river basins of the Terai region, which are the locations of major floods in the past two decades. The Priority River Basins Flood Risk Management Project supports the Government of Nepal’s National Water Plan, 2002–2027, in reducing personal, social, and economic losses from water-induced … [Read more...] about ADB Approves $50M Financial Aid to address Flooding in Nepal’s River Basins
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Nepal receives $150 million from World Bank to implement Projects
The World Bank approved $150 million project to help Nepal strengthen service delivery and institutional capacities in strategic secondary cities, and to support the post-COVID-19 economic recovery. The project is unique in that it puts the municipalities in front and center in project implementation, in full alignment with federalism principles enshrined in the 2015 Constitution of Nepal. World Bank Country Director for Maldives, Nepal and Sri Lanka, Faris Hadad-Zervos said, "In the … [Read more...] about Nepal receives $150 million from World Bank to implement Projects
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$200 million to help COVID-19 recovery efforts in Nepal
The World Bank has approved a $200 million "Finance for Growth" development policy credit to strengthen financial sector stability, diversify financial solutions, and increase access to financial services in support of Nepal’s COVID-19 resilience and recovery efforts. World Bank Country Director for Maldives, Nepal and Sri Lanka, Faris Hadad-Zervos said, "In this era of COVID-19, protecting people’s lives is the priority, but giving a boost to economic recovery is equally urgent. This project … [Read more...] about $200 million to help COVID-19 recovery efforts in Nepal
Nepal: UNESCO/UNFPA/UN Women Joint Programme for Empowering Adolescent Girls and Young Women
UNESCO, UNFPA and UN Women are working together through the Joint Programme for “Empowering Adolescent Girls and Young Women through the Provision of Comprehensive Sexuality Education and a Safe Learning Environment in Nepal” funded by KOICA to empower girls and young women through quality education. Most of the girls who participate in the literacy classes have never been to school or left school early with some from groups subject to caste-based discrimination further alienating them from … [Read more...] about Nepal: UNESCO/UNFPA/UN Women Joint Programme for Empowering Adolescent Girls and Young Women
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World Bank/Nepal: US$10.85 million additional grant to School Sector Development Program amid COVID-19
The Government of Nepal and the World Bank have signed a financing agreement for an additional grant of US$10.85 million to the School Sector Development Program (SSDP) to maintain access to basic education and continued learning for children amid the COVID-19 crisis. The government’s SSDP is a sector-wide program supported by IDA credit of US$185 million, together with support from Asian Development Bank, European Union, Finland, Global Partnership for Education (GPE), Japan International … [Read more...] about World Bank/Nepal: US$10.85 million additional grant to School Sector Development Program amid COVID-19
