KOICA to grant Nepal Rs 550m



KATHMANDU: At the Ministry of Finance in Kathmandu on Wednesday, the Korea International Agency (KOICA) signed a memorandum of understanding (MoU) stating that it would provide Rs 550 million grant to enhance the Technical and Vocational Education and Training (TVET) in Nepal.

Park Yong-sik, Korea’s ambassador to Nepal, and Rajan Khanal, Nepal’s Finance Secretary, exchange the MoU after signing the document in Kathmandu on Wednesday. RSS

Park Yong-sik, South Korea’s Ambassador to Nepal, and Rajan Khanal, Nepal’s Finance Secretary, signed the document on behalf of their respective sides.

The project is a technical cooperation between the Government of Korea and the Government of Nepal. With the cooperation of the Ministry of Education, Science and Technology, KOICA will execute the project in the duration of 2018 to 2020.

The project aims to enhance the skills of trainers from the Training Institute for Technical Instruction (TITI) and TVET in order to improve the quality of TVET system in Nepal. It seeks to establish an information technology centre at TITI, the ministry stated.

The government of Nepal expressed its appreciation to the government of Korea for its support in the socio-economic development of Nepal.