Rs 900 million Swiss aid to Peace Fund

- POST REPORT, Kathmandu

Jun 17, 2013-

Switzerland on Monday signed an agreement with the government of Nepal for Rs 900 million contribution to the Nepal Peace Trust Fund (NPTF).

The Swiss Embassy said in a statement that Rs 450 million would be available for the November CA elections and the other half for the local polls.

Demonstrating support to the forthcoming elections and in response to the Nepal government’s commitment to channelling its own funds through the Nepal Peace Trust Fund, six donors are in the process of significantly increasing their support to the NPTF.

At the Ministry of Finance in Singha Durbar on Monday, envoys of the European Union, Germany, Switzerland and the UK, Denmark and Norway, and directors of GIZ and USAID met Minister Shanker Prasad Koirala to inform him of their further support.

The UK is said to be considering chipping in Rs 1 billion, Rs 507 million of which has already been disbursed.  “As a longstanding friend of Nepal, the UK is determined to do all it can to support Nepal in its preparations for free, credible, democratic and inclusive elections this November,” said British Ambassador Andy Sparks.

“Through the UK’s Department for International Develo-pment, we are looking to provide an additional Rs 580 million to the Nepal Peace Trust Fund,” he added. Half the money will go to the supporting women’s participation, election observation and training for journalists.

Published: 18-06-2013 09:00

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