KATHMANDU: Japan wrote it on paper on Sunday to provide financial support of 250 million Yen per annum to Nepal for the increase of food production.
Deputy Prime Minister and Minister for Foreign Affairs Narayan Kaji Shrestha and Japan’s Foreign Minister Koichiro Gemba witnessed the signing of the deal between the Japanese ambassador to Nepal Kunio Takahashi, and Finance Secretary Krishna Hari Baskota at the Ministry of Foreign Affairs in the capital.
The Government of Japan has been extending Grant Assistance for the Increase of Food Production (KR2) to Nepal since 1977, one of the oldest grant programs from Japan to Nepal.
During the bilateral talks, Nepal also proposed Japan:
-To provide aid assistance for construction of Upper Seti hydropower project in Tanahun district
-To provide aid for the modernization of Tribhuvan International Airport (TIA).
Nepal also proposed Japan to build a new storage hydropower Project, and Centre for Accident for the treatment of serious injurious, said Foreign Aid Division Chief Lal Shankar Ghimire.
During the meeting, Japan also provided technical equipments to the Election Commission.
Meanwhile, Prime Minister Dr Baburam Bhattarai also sought Japan’s help to Nepal during his meeting with Japan’s Foreign Minister Koichiro Gemba at Singha Durbar.
“As Japan is a Buddhist country and also a techno-industrial country, PM sought Japanese assistance to Nepal during the Investment Year 2012 and Lumbini Year 2012, PM's Press Adviser Ram Rijan Yadav said.