U.S. aid to Nepal reaches 316.5 mln USD over five years

12:10, September 22, 2010      

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The five-year (2009-2014) U.S. development assistance to Nepal will rise by 111.5 million U.S. dollars to 316.5 million dollars, the U.S. embassy in Kathmandu said Tuesday.

In a brief ceremony at the Finance Ministry, Lal Shanker Ghimire, Joint Secretary of the Ministry of Finance, and Kevin A. Rushing, Mission Director of USAID/Nepal, signed the agreement on behalf of their governments.

The additional funds will be used to implement and achieve the objectives of the three new initiatives announced by U.S. President Barack Obama, addressing global hunger and food security, health and climate change. With this focus, USAID anticipates more attention and funding for Nepal, likely to be a partner in all three initiatives.

Over the next year, USAID will launch several new activities in support of them, the embassy said.

Other on-going USAID programs in Nepal are related to support the peace process, strengthen democratic institutions, improve governance and rule of law, provide training and education for youth employment, support early childhood education, fight human trafficking, provide sustainable, accessible and quality basic health services, and enhance competitiveness in targeted economic sub-sectors and promote inclusive economic growth.

Source: Xinhua


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