As Nepal and the UK celebrate the first 100 years of their friendship, the two countries have laid out what can be described as a new chapter of friendship for another 100 years based on economic partnership and support. In a gesture of solidarity towards Nepal's aspirations for sustainable development and economic prosperity, the UK government on Tuesday committed £400 million (approximately $505 million) in development grants to Nepal by 2030.
KATHMANDU, Feb 21: The UK has committed $505 million in development grants to Nepal by 2030. The UK government made this commitment by signing two separate grant agreements related to business and green growth with Nepal during a special function held at the Ministry of Finance on Tuesday.