- Rural development project in Nepal receives OFID support
Rural development project in Nepal receives OFID support
On June 1, 2012, OFID Director-General, Mr. Suleiman J. Al-Herbish, signed a US$20 million loan agreement with Nepal to co-finance a Rural Connectivity and Community Development Project. The agreement was countersigned by Mr. Lal Shanker Ghimire, Joint Secretary, Foreign Aid Coordination Division, Ministry of Finance, Nepal.
The multi-faceted project aims at promoting socio-economic development through the implementation of a series of small-scale infrastructure and capacity building sub-projects across 18 low-income, remote, mountainous districts of Nepal. Some 1.5 million people are expected to benefit from the project. Emphasis will be placed on strengthening the capacities of communities and integrating the poor and women into the mainstream of development activities.
OFID has provided support to Nepal since 1976, having co-funded a wide range of projects supporting sectors ranging from agriculture, energy and transportation, to water supply and sanitation and education, among others.
Link to project list.