U.S. Agency for International Development (USAID) has announced additional “2 million US Dollar financial assistance to support stabilization of the economy, promote job and wage growth, mobilize investment, and deliver democratic dividends.” Through USAID’s Partnerships for Democratic Development, USAID/Nepal recently received $6.9 million to provide flexible, multi-year funding to deepen its partnership with Nepal’s democratic reformers and support their efforts to assemble stakeholders from across society to advance fundamental reforms. During the event, USAID announced that Nepal will receive $2 million to support stabilization of the economy, promote job and wage growth, mobilize investment, and deliver democratic dividends. The announcement was made during an event entitled “Democracy Delivers” organized in the sideline of UN General Assembly in New York on Thursday.
Prime Minister Pushpakamal Dahal “Prachanda” also joined the event. On the occasion US Secretary of State Antony Blinken and USAID Administrator Samantha Power, in partnership with the Ford Foundation and the Rockefeller Foundation, convened philanthropic and private sector partners to invest in Nepal and other countries experiencing democratic openings,” according to a US Embassy press release. “The additional resources will be invested to align with Nepal’s ongoing effort to strengthen local governance and improve delivery of public services to its citizens,” remarked Karen Welch, Acting Mission Director of USAID/Nepal.