Finland to provide grant assistance for Nepali peace fund
Source: Xinhua
The government of the Republic of Finland has agreed to provide a grant assistance of about 261.24 million Nepali rupees (some 4 million U.S. dollars) to Nepal, the National News Agency, RSS reported on Tuesday.
According to the RSS, the grant assistance will be deposited in the Nepal Peace Trust Fund.
The agreement to this effect was signed between the government of Nepal and the government of the Republic of Finland at the Ministry of Finance Monday.
According to the Ministry of Finance, it may be recalled that the government of Nepal has established Nepal Peace Trust Fund, the overall objective of which is to support the successful implementation of the Comprehensive Peace Agreement between the government and the Communist Party of Nepal (Maoist) signed last November.
The peace fund provides mechanism to channel and coordinate resources in five areas, namely, management of camps and reintegration of former combatants, rehabilitation of internally displaced people, election of Constituent Assembly, strengthening of law and order and police administration, and support to the peace process.
Earlier, the British government had deposited 316.18 million rupees (some 4.8 million dollars) in the fund, and the Swiss government 53.91 million rupees (some 829,384 dollars) and the government of Denmark 121.06 million rupees (some 1.8 million dollars).
In the peace fund constituted by the government of Nepal for those national and international donors who want to assist the peace process, some five countries so far have agreed to provide 905.24 million rupees (13.9 million dollars) to the country.
The government of Nepal has deposited 383.62 million rupees ( some 5.9 million dollars) in the fund so far, the RSS said.