Friday, 25th April 2014

Switzerland agrees on financial aid of Rs 1.09 billion

Privacy Policy

Switzerland has agreed to provide financial assistance of Rs 1.09 billion to Nepal for the implementation of Local Governance and Community Development Program (LGCDP II).

The agreement to this effect was signed between Finance Secretary Shanta Raj Subedi and Swiss Ambassador to Nepal Urs Herren on behalf of their respective governments amid a function in the capital on Wednesday.

The program will be executed by the Ministry of Federal Affairs and Local Development and implemented by local offices of sectoral ministries and the local bodies from July 16, 2013 to July 15, 2017, according to the press statement issued by Finance Ministry.

The total cost of the project is US$ 1362 Million among which US$ 236 Million will be provided by many Development Partners including Switzerland.

The objectives of this LGCDP II are to improve local governance for effective service delivery, local development and citizen empowerment  through the investment in the sectors such as Local Government Restructuring, Federal Governance, Fiscal Decentralization, Fiduciary Risk Reduction, Result Based Management, Capacity Development, Social Mobilization, Child Friendly Local Governance, Gender Equality and Social Inclusion, Livelihood Improvement Schemes, etc.

It covers all the 75 districts, 58 Municipalities and 3,915 Village Development Committees, reads the statement.

After the implementation of this project, it is expected that citizens and communities will hold their local governance actor accountable, local bodies will be more responsive to citizens' demand.

Likewise, it is also expected that all citizens are provided with efficient and effective local services, policy and institutional framework for devolution will be strengthened, sub-national governance and local service delivery will be strengthened.