Germany provides Rs 3.20 billion grant assistance
Of this, Euro 27 million was allocated for
2014-15 and Euro 2 million was for 2013. The assistance would be mobilized
through KFW (Reconstruction Loan Corporation) of the Government of the Federal
Republic of Germany.
The projects
which would be implemented from this financial cooperation include Sustainable
Economic Development in Rural Areas, National Health Sector Program and
Improvement of Maternal and Child Care in Remote Areas.
At a programme
organised at the Finance Ministry today, Finance Secretary Suman Kumar Sharma
and Matthias Meyer, Ambassador, Embassy of the Federal Republic of Germany,
signed the agreements.
It may be
recalled that in the joint Government negotiations held in December 2014 in Kathmandu
the Federal Republic of Germany had agreed to provide a total assistance of
Euro 48 million to Nepal consisting of Euro 27 million as financial assistance
and Euro 21 million as technical assistance. This assistance would be utilized
within 31 December 2021.
On the occasion,
Ambassador Meyer expressed commitment to provide continuous support to Nepal in
its economic development activities, and also expressed determination for
providing maximum support in reconstruction task of Nepal after April 25
earthquake.
He also welcomed
the draft of the new constitution approved by the Constituent Assembly (CA).
Similarly,
Finance Secretary Sharma on the behalf of the government of Nepal expressed
sincere appreciation to the Government of the Federal Republic of Germany for
this assistance and for its continued support in the socio-economic development
of Nepal.