DFID to provide approx Rs 4.48 billion grant

Kathmandu / July 28: The Government of the United Kingdom, 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.

A Memorandum of Understanding to this effect was signed today by Baikuntha Aryal, Chief and Joint Secretary, International Economic Cooperation Coordination Division (IECCD), Ministry of Finance and Gail Marzetti, Head of DFID Nepal on behalf of their respective government.

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 Nepalese people, including women and disadvantaged working groups; and helping them to undertake employment activities either in Nepal or through migration.

The programme will be implemented mainly under 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 United Kingdom for this assistance and also for its continued support in the socio-economic development of Nepal. RSS