The U.S. has agreed to provide a financial support of USD 402 million to Nepal in the next five years.
The funds, which will be channelised through the U.S. Agency for International Development (USAID), will be used to reinforce recent gains in democratic processes such as elections, improving governance, expanding proven health interventions in maternal and child health, improving literacy, increasing economic growth, and addressing the challenges of food insecurity and climate change, the U.S. Embassy in Kathmandu informed.
Joint Secretary of the Ministry of Finance Madhu K. Marasini, and Mission Director of USAID/Nepal Dr. Beth Dunford signed an assistance agreement on behalf of the two governments, at the Ministry of Finance in the Capital today.
“This Agreement reflects the American people’s continued commitment to development priorities in Nepal,” the statement quoted Dr. Dunford as saying.
“As a focus country for all three U.S. Presidential Initiatives – Global Climate Change, Global Health Initiative, and Feed the Future – USAID, working together with the Government of Nepal, seeks to build on the efforts and successes of the past and create a Nepal where the most vulnerable are lifting themselves out of extreme poverty and contributing to stable, resilient democratic societies.”
Started in year 2010, ‘Climate Himalaya’ initiative has been working on Mountains and Climate linked issues in the Himalayan region of South Asia. In the last five years this knowledge sharing portal has become one of the important references for the governments, research institutions, civil society groups and international agencies, those have work and interest in the Himalayas. The Climate Himalaya team innovates on knowledge sharing, capacity building and climatic adaptation aspects in its focus countries like Bhutan, India, Nepal and Pakistan. Climate Himalaya’s thematic areas of work are mountain ecosystem, water, forest and livelihood. Read>>