Home > Business > Nepal, Germany Ink Financial Aid Agreement Worth EUR 24.3 Mn
Nepal, Germany Ink Financial Aid Agreement Worth EUR 24.3 Mn
Germany has provided a total financial aid of EUR 979.6 million to Nepal
Business
Government
News
Stepping up bilateral cooperation between Nepal and Germany, the two countries signed a financial grant agreement worth EUR 24.3 million.
Nepal Finance Ministry Secretary Rajan Khanal and German Ambassador to Nepal Roland Schäfer signed the agreement on behalf of both the nations.
Germany’s financial aid to Nepal will be utilized for the following projects:
Improvement of Mother-Child Care in Urban Areas – Paropakar Maternity and Women’s Hospital, Kathmandu – Support in terms of construction and rehabilitation of health facilities to up to four satellite centers for
Promotion of Solar Energy in Rural Areas – Support for Nepal’s solar energy technologies such as solar pumping systems for drinking water/irrigation, solar systems for public institutions – health centers, government offices and schools
Sustainable Economic Development in Rural and Semi-Urban-Areas-MSME Finance/Phase 2 – Support in terms of improving access to sustainable and target-group oriented loans mainly in rural and semi-urban areas of Nepal. This support also includes loan sizes beyond microfinance but remain below traditional corporate finance.
So far, Germany has provided a total financial aid of EUR 979.6 million to Nepal since the establishment of Nepal-Germany ties in 1959. This includes bilateral, financial and technical cooperation.
Recently, Nepal signed landmark bilateral agreements with Mauritius and Japan, paving way for accelerated development in the country
Sign up for more inspiring latest news, events, tourism, and more from Nepalisansar.
We've updated our Privacy Policy. Please take a moment to review those changes. By clicking I Agree, You Agree to Nepalisansar Privacy Policy and Cookie Policy Cookie settingsAGREE
Privacy & Cookies Policy
Privacy Overview
This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are as essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.