The World Bank has announced a Rs 7 billion loan to Nepal to improve the quality of higher education.

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WASHINGTON: The World Bank has announced a $60 million (Rs. 7.2 billion) credit to Nepal to improve higher education quality.

According to a statement, the World Bank’s board directors approved the funding on Friday. The funding will be used to assist poor and with access to education, with a focus on online learning, according to the World Bank.

β€œThe has made us realize the need cultivating skilled labor,” said Nepal’s country director Faris H Hadad Zervos.

The World Bank believes that the assistance will help Nepal create a workforce with a focus on higher education. The primary purpose the initiative is to persuade underprivileged persons who are facing financial difficulties as a result of the COVID -19 pandemic to pursue higher education.

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