The funds will be used to implement the government’s flagship School Sector Development Program and to improve the efficiency of Nepal’s public resource management systems, according to a statement from the World Bank.
Faris Hadad-Zervos, World Bank Country Director for Maldives, Nepal, and Sri Lanka, commented, “Strengthening Nepal’s school sector and developing robust health systems are crucial for human capital development, particularly for poor and vulnerable populations.” “To contribute to Nepal’s Covid-19 recovery, we want to decrease learning losses and guarantee that children return to school, as well as enhance expenditure efficiency and fiscal headroom for delivering excellent and accountable healthcare services.”
According to the statement, the Additional Financing to the School Sector Development Program would support pro-poor targeted scholarships, pro-science scholarships, and catch-up initiatives, which will assist reduce dropouts and alleviate learning losses.
The World Bank announced that it will establish the groundwork for the next school sector successor program in two areas: evaluation and data systems, as well as help generate fiscal room to close the funding gap for the government’s flagship program. The statement continues, “It would also promote the establishment of federalism in Nepal by aligning the program with the federal framework to improve efficiency and produce achievements.”
“Learning losses and dropouts are more common among students from lower socioeconomic backgrounds,” said Karthika Radhakrishnan, Program Task Team Leader at the World Bank. “The new funding will assist catch-up programs to prevent learning losses and pro-poor targeted scholarships to help youngsters from lower socioeconomic backgrounds.”
The Additional Financing for Nepal Health Sector Management Reform Program for Results will support the one-year extension phase of Nepal’s Health Sector Strategy, ensuring that the achievements made in public resource management reforms in the health sector are maintained. It will also offer crucial funding to construct resilient health systems in a resource-constrained Covid-19 context, as well as prepare Nepal to adopt its next health sector strategy.
“By linking payments to results, the additional financing will continue to provide incentives for addressing bottlenecks in improving public resource management in the health sector, as well as promote transparency and accountability in the system,” said Sangeeta Carol Pinto, World Bank Program Task Team Leader.
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