{"id":40421,"date":"2022-05-05T22:44:06","date_gmt":"2022-05-05T17:14:06","guid":{"rendered":"https:\/\/tradebrains.in\/features\/nepal-us-pact\/"},"modified":"2022-05-05T22:53:09","modified_gmt":"2022-05-05T17:23:09","slug":"nepal-us-pact","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/nepal-us-pact\/","title":{"rendered":"Nepal and US sign USD 659 million assistance agreement"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3111813777\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Kathmandu, May 5 (PTI) Nepal and the US on Thursday signed a USD 659 million \u201cdevelopment objective\u201d agreement which is aimed at supporting the Himalayan nation\u2019s goal of graduating to a middle-income country.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2154224621\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p> Nepal aims to graduate from the Least Developed Country category by December 2026.<\/p>\n<p> The grant for the next five-year period will support Nepal\u2019s goal of graduating to a middle-income country.<\/p>\n<p> \u201cThis assistance agreement, through the US Agency for International Development (USAID), outlines the broad development areas of the US and Nepal\u2019s cooperation and collaboration,\u201d according to a statement issued by the US embassy here.<\/p><div class=\"trade-content_5\" id=\"trade-3496081337\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p> \u201cPartnering with the Nepal government, civil society and the private sector, the US assistance will advance Nepal\u2019s sustainable development through strengthened democratic governance, enterprise driven economic growth and increased resilience for communities most at-risk to natural disasters and climate change,\u201d said the statement.<\/p>\n<p> \u201cThe amount will be transparently implemented through both on and off treasury modalities,\u201d it said.<\/p>\n<p> According to the statement, USAID will develop projects under this assistance agreement in collaboration with ministries and implement in accordance with the government rules and regulations.<\/p>\n<p> Ishwori Prasad Aryal, Joint Secretary and Head of International Economic Cooperation Coordination Division at the Finance Ministry, and Sepideh Keyvanshad, USAID\/Nepal Mission Director, signed and exchanged the agreement on behalf of their respective governments.<\/p>\n<p> He said that Nepal has greatly benefited from the financial and technical assistance extended by the US to help drive Nepal\u2019s socioeconomic development.<\/p>\n<p> This year, Nepal and the US are celebrating 75 years of diplomatic relations. PTI SBP CPS AKJ  CPS<\/p><div class=\"trade-content-10\" id=\"trade-1398390441\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<div class=\"trade-after-content\" id=\"trade-3684924919\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Kathmandu, May 5 (PTI) Nepal and the US on Thursday signed a USD 659 million \u201cdevelopment objective\u201d agreement which is aimed at supporting the Himalayan nation\u2019s goal of graduating to a middle-income country. Nepal aims to graduate from the Least Developed Country category by December 2026. The grant for the next five-year period will support [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1697,31],"tags":[],"class_list":["post-40421","post","type-post","status-publish","format-standard","hentry","category-economy","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Nepal and US sign USD 659 million assistance agreement - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/nepal-us-pact\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nepal and US sign USD 659 million assistance agreement\" \/>\n<meta property=\"og:description\" content=\"Kathmandu, May 5 (PTI) Nepal and the US on Thursday signed a USD 659 million \u201cdevelopment objective\u201d agreement which is aimed at supporting the Himalayan nation\u2019s goal of graduating to a middle-income country. 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