Nepal + 1 more

USAID provides $65.474 Million in FY 2011 Funds

The U.S. Government, through the United States Agency for International Development (USAID), provided an additional $65.474 million (nearly Rs. 5 billion) this year under its ongoing five-year Assistance Agreement with the Government of Nepal. To date, USAID has provided $153.938 million through the bilateral agreement.

The funds will be used to implement activities that will help achieve the objectives of President Obama’s three global initiatives—Feed the Future, Global Climate Change and the Global Health Initiative.

Various other programs ongoing under the Assistance Agreement signed in 2009 contribute to the peace process to strengthen democratic institutions and processes; improving governance and rule of law; provide training and education for youth employment; supporting early childhood education; combatting trafficking in persons; the provision of sustainable, accessible, and quality basic health services; enhancing competitiveness in targeted economic sub-sectors and the promotion of inclusive economic growth.

Mr. Lal Shanker Ghimire, Joint Secretary of the Ministry of Finance, and Mr. David C. Atteberry, Mission Director of USAID/Nepal, signed the agreement on behalf of the two governments.