Kathmandu, Aug. 12
The Ministry of Finance (MoF) and the USAID have taken stock
of the projects being implemented with the US financial support in Nepal.
Speaking at a meeting held for the same at the MoF on
Friday, Minister for Finance, Dr. Prakash Sharan Mahat, emphasised the need to
mobilise American support to achieve concrete results by investing in rural
infrastructure projects that provide direct support for rural roads, drinking
water and improvements for the livelihood of the Nepali people.
He also praised the continuous bilateral cooperation of the
US in the fields of education, health, agriculture, disaster management,
democracy and good governance.
American Ambassador to Nepal Dean Thompson expressed his
satisfaction that there has been a long-standing partnership between Nepal and
the United States in various fields of development.
The purpose of this review meeting was to strengthen the
partnership between Nepal and the USA by clarifying the roles and
responsibilities during this period, the achievements of the projects operated
under the USAID cooperation agreement, flow of funds, and increased emphasis on
the role of local organisations in the budget.
Finance Secretary Arjun Prasad Pokharel, USAID Mission
Director, Sepideh Keyvanshad, and officials from the MoF and the USAID were
present at the meeting.
As per the bilateral umbrella agreement signed between Nepal
and the United States last year, Nepal would receive the aid of US$ 659 million
under budgetary system over a period of five years.
Published in The Rising Nepal daily on 13 August 2023.
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