Kathmandu, Nepal (BBN)- The U.S. government will provide a total of $205 Million over the next five years aiming to improve socio-economic condition of the South Asian country.
An agreement was signed between the U.S. Agency for International Development (USAID) and the Nepal government on Tuesday in this connection. Kapil Dev Ghimire, Joint Secretary of the Ministry of Finance of Nepal and Dr. Kevin A. Rushing, Mission Director of USAID to Nepal, signed the agreement on behalf of their governments.
“These funds will be used to build peace, strengthen democracy and governance, improve health services, support economic growth and education, and assist with humanitarian crisis in Nepal,” a U.S. embassy press statement said in the capital, Kathmandu.
Under the agreement, the USAID will provide $82.5 million to assist the government to provide quality health services to its people, particularly the poor, and to pursue achievement of its 2015 Millennium Development Goals for health.
“$12 million will support peace-building at the national and local levels, including activities that bring together communities, civil society, and government to repair damaged infrastructure and encourage dialogue about the peace process,” the statement added.
The USAID will also provide $53 million for programs that strengthen democracy and governance in Nepal while a total of $56.5 million will be provided for economic growth programs.
The USAID will also support humanitarian assistance and recovery programs, including flood recovery in the Terai, with $1.0 million in funding.
BBN/SS/SI/AD-23September09-12:44 am (BST)