Question
Recently Nepal and which among the following has signed
an agreement of USD 659 million for Nepal’s development assistance?Solution
- Nepal and US signed an agreement bringing USD 659 million to the Himalayan nation in assistance.
- The grant for the next five-year period will support Nepal’s goal of graduating to a middle-income country, Nepal plans to graduate from the Least Developed Country category by December 2026.
- The development assistance will be provided through the US Agency for International Development (USAID) which will develop projects under this assistance agreement in collaboration with line Ministries and implement them in accordance with the government rules and regulations.
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