Nepal and Federal Republic of Germany have signed a Financial Cooperation Agreement regarding 25 Million EUR to support Program for Earthquake Rehabilitation

Matthias Meyer, German Ambassador to Nepal, and Lok Darshan Regmi, Secretary at the Ministry of Finance, signed the special commitment of 25 million EUR for the Financial Cooperation Recovery Program, which is implemented by KfW German Development Bank on behalf of the German Government.

The Recovery Program will focus on the reconstruction of district hospitals severely damaged by the earthquake and the reconstruction of rural energy distribution networks. In addition, substantial support under this program will be directed towards the rehabilitation of cultural heritage sites, schools and roads in the city of Bhaktapur. 

In total, the German Government committed 35 million EUR for immediate humanitarian relief and rehabilitation measures following the devastating earthquakes. In addition, more than 60 million EUR of private donations were mobilized in Germany, highlighting the particularly close relations and solidarity between the people of the two countries. 

Following the signing ceremony, Ambassador Meyer expressed his concern over the impact of current border disruptions, which have hit the people in the earthquake-affected districts and the poorer populations particularly hard. He appealed for a responsibility of all sides to come to a peaceful settlement of their conflicting views for the sake of its people in need. He also urged the Government of Nepal to provide adequate institutional mechanisms to the reconstruction process in order to prevent a humanitarian crisis from unfolding in the coming months.