3 major donors pledge 1.05 bln USD for peace process in Nepal

KATHMANDU, Nov 13, 2008 (Xinhua via COMTEX News Network) -- Three of Nepal' s major donors have verbally pledged assistance of up to 1.05 billion U.S. dollars between 2009-2011 to help peace process in the country, Secretary at the Ministry of Finance Rameshore Khanal has said.

According to Friday's The Kathmandu Post, Representatives of World Bank, Asian Development Bank and British Department for International development made this offer at an informal meeting with the ministry on Wednesday.

Talking to the daily, he said the pledged aid will be used in four sectors -- agriculture, employment generation, social sector and infrastructure over three years in order to take the peace process to its logical conclusion of peace and development in the country.