Kathmandu, June 14
Nepal and Germany have signed a new development cooperation agreement on Monday in which the European country has pledged grant support of Euro 34.4 million (more than Rs 4.8 billion).
During the signing ceremony held virtually, Germany agreed to provide technical cooperation until 2023 and financial cooperation until 2025, in total worth the amount.
“The signing of today follows the government negotiations, held between Germany and Nepal in November 2020,” the German Embassy in Kathmandu informs in a press release, “The German Development Cooperation is focusing on three thematic areas: health, sustainable economic development, and energy efficiency/renewable energy.”
“Besides our bilateral cooperation, we see an important role with the civil society, which is an indispensable part of any development effort in Nepal,” German Ambassador to Nepal Roland Schäfer said on the occasion.
The embassy informs the health sector will get Euro 23.7 million, energy Euro 17.5 million, and sustainable economic development Euro 15,4 million. Likewise, the geographical focus of the cooperation will remain on the rural regions in Nepal’s mid and far-west.
