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US Grant Assistance NPR 50 billion To Nepal
Issue September 2017
US Grant Assistance NPR 50 billion To Nepal
KTM Metro Reporter
September 14, 2017
Kathmandu: Finance Minister Gyanendra Bahadur Karki on behalf of Nepal government, and Deputy Secretary of State John J Sullivan on behalf of the US government are signing off the Memorandum of Understanding (MoU) on the US government providing Nepal with the grant-assistance of NPR 50 billions today, the RSS news on therisingnepal.org.np stated.
The MoU stated that the government of Nepal would set up a fund of around NPR 63 billions to which Nepal government would contribute around NPR 13 billion and the US government NPR 50 billion for investing in the roads improvements and energy generation in Nepal, the RSS news stated.
