The WB is to provide Rs. 2.67 billion to mitigate climate related hazards by improving accuracy and timeliness of weather and flood forecasts and warnings for climate vulnerable communities, as well as developing agricultural management information system services to help farmers mitigate climate-related production risks.[break]
Similarly, Rs. 4.018 billion is for the implementation of the Nepal Agriculture and Food Security Program (NAFSP).
Out of the assistance provided under the climate change mitigation head, Rs. 1.29 billion is loan assistance and the remaining is grant. The implementation period of the project will be for five years.
At a program organized at the Ministry of Finance today, Secretary at the Ministry, Shanta Raj Subedi, and WB´s Country Manager for Nepal, Tahseen Sayed, signed the agreement.
The NAFSP will be implemented to increase productivity of agriculture and livestock in 19 mountainous districts of the far-west and mid-west regions as well as to improving feeding and caring practices for pregnant and nursing women and children under the age of two.
On the occasion, Sayed said that the WB has been supporting in the socio-economic development of Nepal as far as possible and expressed the commitment to give continuity to it.
He expressed the belief that the targeted achievements would be gained from the support provided for the next five years.
Secretary Subedi said that Nepal is one of the country, out of nine countries, which is getting financial support for the project related to climate change, and stressed that the Ministry of Environment, Science and Technology should carry out works being sensitive to reduce risks of climate change.
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