EU and DFID extend EUR 16.5 million (NPR approx 1.8 billion) grant assistance to Nepal

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Jan. 15, 2012, 5:45 p.m. Published in Magazine Issue: Vol. : 05 No.-13 Jan. 13 -2012 (Poush 29,2068)<BR>

The Government of the United Kingdom of Great Britain and Northern Ireland, acting through the Department for International Development ("DFID"), and the European Union have agreed to provide a grant assistance of EURO 16.5 million (equivalent to NPR 1.8 billion) to the Government of Nepal for the implementation of the Nepal Climate Change Support Programme: Building Climate Resilience in Nepal. Out of the total grant assistance of EURO 16.5 million, the Government of the United Kingdom will provide EURO 7.9 million and the European Union (EU) will provide EURO 8.6 million. In this regard, the Memorandum of Understanding between the Government of Nepal and the Government of the United Kingdom, was signed today at the Ministry of Finance, Kathmandu, Nepal. The agreement between Nepal and the EU was already concluded on 26 December 2011.


The MoU was signed by Mr. Krishna Hari Baskota, Secretary, Ministry of Finance and Mr. Dominic O'Neil, Head of DFID, Nepal on behalf of their respective Governments, in the presence of the EU Delegation to Nepal.


 

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