Nepal has received $100 million grant to improve governance from the European Union (EU) and development partner countries.
The EU and the governments of Switzerland, Norway and the United Kingdom (UK), collectively referred to as the development partners Joint Financing Arrangement (JFA) have agreed to provide a grant assistance worth $100 million, equivalent to Rs 11.4 billion to Nepal, according to a press note from the EU office in Kathmandu.
The Joint Financing Arrangement to this effect was signed and exchanged between the government of Nepal and JFA development partners at the Finance Ministry, the press note reads, adding that the JFA was signed by joint secretary at Finance Ministry Shree Krishna Nepal, and permanent secretary at the Department for International Development (DFID) Matthew John Rycroft, ambassador at the Norwegian Embassy in Nepal Lasse Bjorn Johannessen and ambassador at the Swiss Embassy in Nepal Elisabeth Von Capeller on behalf of their respective governments. “The European Union has already extended the commitments and will sign the JFA at the earliest.”
The grant assistance aims to strengthen the capacity of provincial and local governments to deliver public service in a more effective and efficient way, another press note issued by the Finance Ministry reads. “The project will ensure to attain functional, sustainable, inclusive and accountable provincial and local governance by maximising benefits of cooperative federalism for Nepali citizens,” it reads, adding that the project will conclude in four fiscal years commencing from July 2019-20 and wrapping up in July 2022-23. “Important activities listed under the project are innovation and partnership fund, local policy, strategy, guidelines, framework and institutional development, capacity development programme (province and local level), and public financial management (PMF) for the implementation of SuTRA and local PFM.”
The project is expected to be a landmark project in capacitating the subnational governments by bridging the existing gap between the three levels of governance system, it adds.
Meanwhile, Nepal has expressed its appreciation to the EU, and the governments of the UK, Norway and Switzerland for providing such generous financial support for this programme and for the continuation of trusted partnership in strengthening provincial and local level governance.
The EU and the governments of Switzerland, Norway and the United Kingdom (UK), collectively referred to as the development partners Joint Financing Arrangement (JFA) have agreed to provide a grant assistance worth $100 million, equivalent to Rs 11.4 billion to Nepal, according to a press note from the EU office in Kathmandu.
The Joint Financing Arrangement to this effect was signed and exchanged between the government of Nepal and JFA development partners at the Finance Ministry, the press note reads, adding that the JFA was signed by joint secretary at Finance Ministry Shree Krishna Nepal, and permanent secretary at the Department for International Development (DFID) Matthew John Rycroft, ambassador at the Norwegian Embassy in Nepal Lasse Bjorn Johannessen and ambassador at the Swiss Embassy in Nepal Elisabeth Von Capeller on behalf of their respective governments. “The European Union has already extended the commitments and will sign the JFA at the earliest.”
The grant assistance aims to strengthen the capacity of provincial and local governments to deliver public service in a more effective and efficient way, another press note issued by the Finance Ministry reads. “The project will ensure to attain functional, sustainable, inclusive and accountable provincial and local governance by maximising benefits of cooperative federalism for Nepali citizens,” it reads, adding that the project will conclude in four fiscal years commencing from July 2019-20 and wrapping up in July 2022-23. “Important activities listed under the project are innovation and partnership fund, local policy, strategy, guidelines, framework and institutional development, capacity development programme (province and local level), and public financial management (PMF) for the implementation of SuTRA and local PFM.”
The project is expected to be a landmark project in capacitating the subnational governments by bridging the existing gap between the three levels of governance system, it adds.
Meanwhile, Nepal has expressed its appreciation to the EU, and the governments of the UK, Norway and Switzerland for providing such generous financial support for this programme and for the continuation of trusted partnership in strengthening provincial and local level governance.
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Thanks for sharing the information and helps a lot.
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