The agreement, equivalent to NRs 79.71 billion, aims to assist Nepal in graduating to a middle-income country by fostering strengthened democratic governance, enterprise-driven economic growth, and increased resilience for communities vulnerable to natural disasters and climate change.
Mr. Ishwori Prasad Aryal, Joint Secretary and Head of the International Economic Cooperation Coordination Division (IECCD) at the Ministry of Finance, and Ms. Sepideh Keyvanshad, USAID/Nepal Mission Director, signed the agreement. The United States has been Nepal's first bilateral donor since 1951.
The assistance will be recorded in the Government of Nepal's Red Book and implemented transparently in collaboration with relevant line ministries.