The European Union (EU) announced that it will increase development support to Nepal by three times for the period 2014-2020.
Issuing a press statement today, the Union said European Commissioner for Development, Andris Piebalgs, has announced that the EU development programmes for Nepal and Bhutan will triple in the period in comparison with allocations from the previous years.
“This commitment shows the EU has taken note of the efforts both countries have made to fight poverty and implement constitutional reforms,” said the EU.
“We appreciate the scale of the challenges involved in improving living standards in Nepal against a background of population growth,” the statement quotes Piebalgs as saying, “We want to support the ambitious policy of the national authorities by targeting our aid on key areas for the population, such as good governance, quality education and development of more sustainable agriculture.”
Meanwhile, Piebalgs is coming to Nepal tomorrow for a four-day visit, according to Delegation of the European Union to Nepal.
He will meet various Nepali authorities to discuss economic and development issues, the results achieved and the outlook for future cooperation between the EU and Nepal.
The Commissioner is scheduled to hold meetings with President Ram Baran Yadav, Prime Minister Sushil Koirala, and Minister of Finance Ram Sharan Mahat.
Mahat will sign and exchange an agreement for the Multiannual Indicative Programme 2014-2020 with Piebalgs.
The Commissioner is scheduled to visit Bhutan after Nepal.
According to EU, the Union’s support in Nepal will focus on various sectors including education, sustainable rural development and strengthening democracy.