Germany to provide EUR 37.2 m to Nepal

The German government has pledged a total amount of EUR 37.2 million for new and ongoing programmes in Nepal for 2012/13.

Issuing a press statement, German Embassy in Kathmandu Tuesday said that EUR 14.0 million will be provided for financial cooperation and EUR 23.2 million for technical cooperation projects.

This brings the German Development Assistance for Nepal since the beginning of Nepal-German cooperation in 1961 to a total of EUR 1.099 billion.

"The emphasis of German Development Cooperation in Nepal remains on inclusive development, poverty alleviation and support for the peace process in all sectors," the statement said. nepalnews.com