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 Glenn White, Ambassador of Australia to Nepal, signed the agreement on behalf of their respective governments to this effect at the Ministry of Finance on Wednesday.

The SSRP was implemented under the Sector Wide Approach (SWAP) modality, which is one of the preferred modality of the government of Nepal for mobilisation of development cooperation. The SWAP modality is an exception to the threshold for grant aid as stipulated in the Development Cooperation Policy.

The programme originally aims at reforming public schools with quality and inclusive education towards achieving the goal of ‘Education for All’ in Nepal. This programme was originally planned so as to be completed by 2013/14. However, the government of Nepal has decided to extend for another two years considering its continued relevance.

The government of Australia has been supporting SSRP 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 SSRP.

The government of Nepal has expressed its sincere appreciation to the government of Australia for the assistance and also for its continued support in the socio-economic development of Nepal.

Source: THT