Nagaland, World Bank sign $68 m pact to strengthen quality education

The USD 68 million loan from the International Bank for Reconstruction and Development (IBRD), has final maturity of 14.5 years, including a grace period of five years.
Nagaland, World Bank sign $68 m pact to strengthen quality education
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NEW DELHI:

The Centre along with the Nagaland State Government on February 23 signed a 68 million dollar project with the World Bank in order to enhance the quality of education in Nagaland.

“Human resource development plays a key role in any development strategy and the Government of India has taken several concrete steps to transform the educational landscape in India,” Finance Ministry C S Mohapatra said.

Mohapatra signed the agreement on behalf of the Government of India, Shanavas C, Principal Director, Department of School Education on behalf of the Government of Nagaland and Junaid Ahmad, Country Director, India on behalf of the World Bank.

The USD 68 million loan from the International Bank for Reconstruction and Development (IBRD), has final maturity of 14.5 years, including a grace period of five years.

About 15 out of Nagaland’s 44 higher secondary schools will benefit from the project.

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