CEO Tab
  • Home
  • Prime News
  • International Market
  • Special Report
  • Corporate
  • Opinion
  • Next Gen
  • Entertainment
No Result
View All Result
CEO Tab
  • Home
  • Prime News
  • International Market
  • Special Report
  • Corporate
  • Opinion
  • Next Gen
  • Entertainment
No Result
View All Result
CEO Tab
No Result
View All Result
Home Prime News

US announces $60 million aid to Nepal

CEO Tab by CEO Tab
February 8, 2023
in Prime News
0
US announces $60 million aid to Nepal
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter

The US government has announced to provide nearly $60 million to advance democratic progress in Nepal. $40.2 million of the support announced by the visiting USAID Administrator Samantha Power is a part of the $659 million development objective agreement announced in 2022 for the next five years. 

You might also like

Inflation Surges to 6.34% as Remittances and Foreign Reserves Rise

NEPSE Rises for Sixth Consecutive Day, Closes at 2,625.93

Share-Backed Loans Surge to Rs 167.85 Billion in Nepal

Addressing the event on Deepening US-Nepal Democratic Partnership organized at Patan Durbar Square on Tuesday evening,  Administrator Power said that the amount will be utilized to strengthen inclusive democracy, supporting civil society and media and bolstering local elections, rule of law and countering human trafficking in Nepal.

The investments announced on Tuesday include up to $20 million to strengthen inclusive democracy and prosperity in Nepal by supporting provincial and local governments to deliver public services in a more fiscally transparent and accountable manner.

According to Administrator Power, the new support package also includes up to $18.5 million to support independent civil society organizations and media led by and for women, youth, and marginalized communities to advance community needs, fundamental freedoms, and accountability. 

“USAID will work with these civil society organizations as they build their skills, credibility, and techniques for engaging with the government and public effectively. USAID will also partner with the media to support efforts to improve public access to credible information and more diverse narratives that will enhance social trust in the media,” states a press note issued by the US Embassy in Kathmandu on Tuesday.

According to Administrator Power, part of the announced fund will be utilized to support local Nepali organizations and government institutions to strengthen rule of law, further support free and fair elections, and counter human trafficking through the USAID.

Following transparent and peaceful elections in 2022, Nepal has an opportunity to strengthen federalism, advance the inclusion of women and marginalized communities, empower its young people, and demonstrate that democracy can deliver for its citizens. The United States will be a partner in this effort.

“USAID’s investments will help Nepal cement its democratic gains and usher in greater prosperity and resilience for the Nepali people by strengthening public financial management, independent civil society and media, democratic processes and institutions, rule of law, and private sector development. USAID will also continue to help Nepal combat human trafficking,” states the press release. 

USAID Administrator Power arrived in Kathmandu on a two-day visit to Nepal. Earlier on Tuesday, she visited Adarsha Secondary School in Bhaktapur to see the progress made in the reconstruction works carried out with the support of the USAID. She also paid a courtesy call on Foreign Minister Dr Bimala Rai Paudyal.

Administrator Power is scheduled to hold a meeting with Prime Minister Pushpa Kamal Dahal and other leaders on Wednesday before wrapping up her visit to Nepal.

Share30Tweet19
CEO Tab

CEO Tab

Recommended For You

Inflation Surges to 6.34% as Remittances and Foreign Reserves Rise

by CEO Tab
October 15, 2026
0
Inflation Surges to 6.34% as Remittances and Foreign Reserves Rise

Nepal Rastra Bank’s report for the first two months of fiscal year 2026/27 shows rising inflation alongside improvements in remittance inflows, foreign trade, the current account and foreign...

Read more

NEPSE Rises for Sixth Consecutive Day, Closes at 2,625.93

by CEO Tab
October 15, 2026
0
NEPSE Rises for Sixth Consecutive Day, Closes at 2,625.93

The Nepal Stock Exchange (NEPSE) gained 4.67 points on Thursday to close at 2,625.93, extending its rally to six consecutive trading days. Daily turnover rose slightly to Rs...

Read more

Share-Backed Loans Surge to Rs 167.85 Billion in Nepal

by CEO Tab
October 15, 2026
0
Share-Backed Loans Surge to Rs 167.85 Billion in Nepal

Banks and financial institutions (BFIs) have increased lending against shares as collateral, with outstanding loans reaching Rs 167.85 billion by mid-September 2026, according to Nepal Rastra Bank (NRB)....

Read more

NTA Fines 14 Internet Service Providers Rs 50,000 Each for Violations

by CEO Tab
October 15, 2026
0
NTA Fines 14 Internet Service Providers Rs 50,000 Each for Violations

The Nepal Telecommunications Authority (NTA) has fined 14 internet service providers Rs 50,000 each for violating approved service packages, overcharging customers and failing to inform users about changes...

Read more

NEPSE Rises 21.32 Points as Daily Turnover Falls to Rs 4.13 Billion

by CEO Tab
October 14, 2026
0
NEPSE Rises 21.32 Points as Daily Turnover Falls to Rs 4.13 Billion

The Nepal Stock Exchange (NEPSE) rose by 21.32 points to close at 2,621.26 on Wednesday, while daily turnover declined to Rs 4.13 billion from Rs 4.73 billion on...

Read more
Next Post
FDI commitment declined 60% during five months

Nepal reports drop of 80 percent in FDI

Browse by Category

  • Corporate
  • Entertainment
  • Featured
  • International
  • Major Story
  • Next Gen
  • Opinion
  • Prime News
  • Special Report
  • Tete – A – Tete

EDITOR

Manish Raj Poudel
info@ceotab.com
9841317747


PUBLISHED BY

Welcome Group
www.welcomeadnepal.com

Publisher

www.ceotab.com is a premium news portal being run by Welcome Group. The website features quality business/economic news contents,  in-depth profiles of companies, stories of struggle and success of entrepreneurs, articles that assess various dimensions of  the commerce, trade and economy.

Editor

Manish Raj Poudel

info@ceotab.com

9841317747

Sub-Editor

Riza Poudel

poudelriza@gmail.com

Archives

© 2023 CEO Tab. All rights reserved.

No Result
View All Result
  • Home
  • Prime News
  • International Market
  • Special Report
  • Corporate
  • Opinion
  • Next Gen
  • Entertainment

© 2023 CEO Tab. All rights reserved.