Germany to provide Euros 56, 000, 000 grant assistance to Nepal

Nepal and Germany on Tuesday signed financial and technical cooperation agreements on Euros 56,000,000.

Joint Secretary at the Ministry of Finance Shreekrishna Nepal and Ambassador of the Federal Republic of Germany to Nepal Dr Thomas Prinz signed the agreements on behalf of their respective governments.

The grant was the sum pledged by the Federal Republic of Germany in 2022.

The financial cooperation agreement shall support the private and public sector to expand energy transmission lines, to promote solar energy, gender equality and to improve maternal care and childcare in remote areas in Nepal, reads a statement issued by the Embassy of the Federal Republic of Germany in Kathmandu.  

The technical cooperation agreement focuses to support gender equality and social inclusion in Nepal and local and provincial economic development - especially in Western Nepal (together with the European Union and Finland).

Moreover, the Agreement shall promote renewable energy and energy efficiency, strengthen quality infrastructure for sustainable economic development and support the health sector strategy in Nepal, according to the statement.

The Federal Republic of Germany has consistently contributed to Nepal’s development efforts in diverse ways over the years. It has been actively contributing to the fields of energy, health, good governance as well as aiding Nepal in meeting its Sustainable Development Goals. Through this grant, the German Government targets to further enhance its commitment and continue its valuable support to the people of Nepal.

“Our friendship with Nepal is deeply cherished. Germany has been supporting Nepal’s hydropower and energy endeavors, among others, since long. Through collaboration and support, we aim to contribute to its continued progress and prosperity,” said Ambassador Dr Thomas Prinz on the occasion, the statement reads.

The year 2023 marked the 65th anniversary of diplomatic relations between Nepal and Germany.