Overview

Chinese Government provides $20 million grant tp Nepal for budgetary support to support peace process

Commitments (Constant USD, 2023)$21,676,357

Commitment Year•2012Country of Activity•NepalDirect Recipient Country of Incorporation•NepalSector•Government And Civil SocietyFlow Type•Grant

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jan 24, 2012

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Funding agencies

Government Agencies

China Ministry of Commerce

Receiving agencies

Government Agencies

Government of Nepal

Loan description

Chinese Government provides $20 million grant tp Nepal for budgetary support to support peace process

Narrative

Full Description

Project narrative

On January 14, 2012, China announced a one-time grant of US$20 million (over Rs 1.65 billion) to the government of Nepal to support the peace process, in particular this grant is a budgetary support which will be used for financing rehabilitation of former Maoist combatants. This was announced when Prime Minister Wen Jiabao of China paid a short visit to Nepal (lasting four and a half hours), stopping over on his way to the Persian Gulf. According to the Nepal government, the agreement was signed in 2012 but not implemented yet as of 2018.