July 21: The Government of Nepal has signed a grant agreement of more than Rs 10.5 billion with the European Union (EU) for two different programmes.    
The Government of Nepal and the EU signed the agreements at a programme organised at the Finance Ministry in Singha Durbar on Friday.

Two separate Financing Agreements includes a grant agreement of 50 million pound sterling (equivalent to Rs 7.38 billion) for 'Quality Education for All' to support the School Education Sector Plan (SESP) and a grant agreement of 22 million pound sterling (equivalent to Rs 3.25 billion) for the 'Local Adaptation to Climate Change' initiative.    
'Quality Education for All' will support the implementation of the government's School Education Sector Plan in a sector-wide approach supported by eight development partners, including the EU. The overall objective of this support is to contribute to a well-educated and skilled society in Nepal which is able to play an active role in the social and economic development of the country.    
On the occasion, Finance Secretary Arjun Prasad Pokharel said that the support for SESP in increasing equitable access to education and improving the quality is crucial for human capital development.
"Nepal is making sincere efforts to balance the development and climate action. I appreciate the support of EU to plan and develop measures for Disaster Risk Reduction and to focus on increased human and financial capacities in order to enable the selected local levels and communities manage their natural resources in regards to adaptation to climate change. I would like to thank the European Union for its continued support in the socio-economic development endeavors of Nepal," said Pokharel.    
Similarly, EU Commissioner for international Partnerships, Jutta Urpilainen, mentioned that the European Union was proud to continue its 20-year support to Nepal in education. “Supporting quality education is one of our core commitments in our cooperation. We are heartened by the government's commitment to support quality education and are happy to be a close partner," stated EU Ambassador to Nepal, Nona Deprez.    
She further said that the European Union and Finland, as team Europe, will continue to work with local and provincial governments in Sudurpaschim and Karnali so they are empowered to make the most of their natural resources sustainable.    
'Local Adaptation to Climate Change' is initiated with an overall objective to improve the sustainability and conservation of natural resources to notably increase their climate resilience in Sudurpaschim and Karnali provinces, reads a press release issued by the Finance Ministry.-- RSS