To date, USAID has provided $153.938 million through the bilateral agreement.[break]
"The funds will be used to implement activities that will help achieve the objectives of President Obama’s three global initiatives—Feed the Future, Global Climate Change and the Global Health Initiative," a statement issued by USAID stated.
The five-year Assistance Agreement was signed in 2009 and various programs contribute to the peace process to strengthen democratic institutions and processes; improving governance and rule of law; provide training and education for youth employment; supporting early childhood education; combatting trafficking in persons; the provision of sustainable, accessible, and quality basic health services; enhancing competitiveness in targeted economic sub-sectors and the promotion of inclusive economic growth, according to USAID.
Lal Shanker Ghimire, Joint Secretary of the Ministry of Finance, and David C. Atteberry, Mission Director of USAID/Nepal, signed the agreement on behalf of the two governments.
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