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.
New UK Development Portfolio will help Nepal to tackle the climate crisis, mobilise international finance for development, deliver economic transformation, and support governance and inclusion.UK development support will see £400 million ($505m) in g
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.
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