Australia to provide grant assistance of Rs 314 million
The government of Australia has agreed to contribute an additional grant assistance of four million Australian Dollars (approximately Rs 314 million) to the pool of School Sector Reform Programme (SSRP).
Finance Secretary Suman Prasad Sharma and Australian ambassador to Nepal Glenn White signed the agreement on behalf of their respective governments at the Finance Ministry, here today.
Implemented under Sector Wide Approach (SWAP) modality that is one of the preferred modality of the government for mobilisation of development cooperation, the School Sector Reform Programme originally aims at reforming public schools with quality and inclusive education towards achieving the goal of 'Education for All' in Nepal.
The SWAP modality is an exception to the threshold for grant aid as stipulated in the Development Cooperation Policy.
The School Sector Reform Programme was originally planned to be completed by 2013-14. But the government has decided to extend the programme for another two years.
Australia has been supporting School Sector Reform Programme as one of the prominent pool partners. The extended Joint Financial Arrangement (JFA) has already been signed among pooling partners including Australia as a guiding framework for implementing the School Sector Reform Programme.