Green Climate Fund Food to provide Rs. 4.68 billion grant to Nepal

Kathmandu, May 3

The Green Climate Fund (GCF)/Food and Agriculture Organization of the United Nations have agreed to provide financial grant assistance of USD 39.3 million (Approximately Rs. 4.68 billion) for the implementation of Building a Resilient Churia Region in Nepal (BRCRN) project.

The grant assistance will be mobilised through the budgetary system of the government, said the Ministry of Finance on Sunday.

The project aims to enhance the climate-resilience of ecosystems and vulnerable communities in Nepal´s Churia region through integrated Sustainable Natural Resource Management (SNRM) approaches.

The project will cover 26 river systems of the State 1, 2 and Bagmati and aims to benefit approximately 200,681 households.

This project will benefit women, indigenous people, Dalits and vulnerable people of that area. The main components of this project are scaling up climate-resilient Sustainable Natural Resource Management (SNRM), strengthening institutions and planning for climate-resilient SNRM and improving knowledge, awareness and local capacity for climate-resilient SNRM.

The project will be implemented for six and a half years period. The Ministry of Forest and Environment will be the implementing agency for this project.

This is the first time that GCF fund is being utilized by the government through its budgetary system. The Agreement was signed by Shreekrishna Nepal, Joint Secretary of the Ministry of Finance and Somsak Pipoppinyo, Representative of FAO in Nepal and Bhutan on behalf of GCF/FAO.

Published in The Rising Nepal daily on 4 May 2020.