The Green Climate Fund (GCF) under Food and Agriculture Organisation of the UN (FAO) have agreed to provide financial grant assistance of $39.3 million (approximately Rs 4,688.2 million) 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, according to a press note issued by the Finance Minister.
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, it reads, adding that the project will cover 26 river systems of the province No 1, 2 and Bagmati provinces and aims to benefit approximately 200,681 households. “This project will benefit to women, indigenous people, dalit and vulnerable people of that area.”
The main components of the 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, it further reads. “The project will be implemented for a period of six-and-a-half years.”
The Ministry of Forest and Environment will be the implementing agency for this project.
This is the first time that GCF fund is being utilised by the government through its budgetary system. The agreement was signed by joint secretary at the Finance Ministry Shreekrishna Nepal on behalf of the government and representative of FAO in Nepal and Bhutan Somsak Pipoppinyo, on behalf of GCF/FAO.
The government has expressed its sincere appreciation to the GCF/FAO for this assistance and its continued support to Nepal.
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, it reads, adding that the project will cover 26 river systems of the province No 1, 2 and Bagmati provinces and aims to benefit approximately 200,681 households. “This project will benefit to women, indigenous people, dalit and vulnerable people of that area.”
The main components of the 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, it further reads. “The project will be implemented for a period of six-and-a-half years.”
The Ministry of Forest and Environment will be the implementing agency for this project.
This is the first time that GCF fund is being utilised by the government through its budgetary system. The agreement was signed by joint secretary at the Finance Ministry Shreekrishna Nepal on behalf of the government and representative of FAO in Nepal and Bhutan Somsak Pipoppinyo, on behalf of GCF/FAO.
The government has expressed its sincere appreciation to the GCF/FAO for this assistance and its continued support to Nepal.
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