During its bilateral cooperation for 2014-2020, the EU plans to provide Rs 49.42 billion (360 million eu ros) to Nepal, said EU’s formal communication from the Office of Spokesperson for Development Alexandre Polack. The EU provided around Rs 17 billion (120 million eu ros) to Nepal for 2007-2013 in education, human rights, conflict prevention, good governance, stability and peace building, trade facilitation and economic capability building.
“In line with the EU’s Agenda for Change, our policy blueprint to focus our aid where it is most needed and where it can make the greatest difference, we have applied a greater degree of differentiation [more funding to poorest countries, while phasing out support to mid-income countries]. As a result of this new approach, the Nepal allocation will be tripled,” Polack said.
The EC’s development cooperation with Nepal for 2014-2020 will be aligned with the objective of Nepal government’s next three-year development plan, approved in July 2013, it added. With extensive consultations with the Nepal government, the EU funding will focus on sustainable rural development, education, democracy and decentralisation and other support measures.
The EU will focus on food and nutrition security and agriculture will be EU’s largest cooperation sector in the next programme period.
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