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Agreement with Japan

Agreement with Japan

Government of Japan has agreed to extend a grant up to Three hundred fifty million Japanese Yen (¥350000000)to the Government of Nepal for the implementation of the Food Assistance Programme(KR) under the Kennedy Round scheme in Japan’s FY 2017.

Exchange of Notes (E/N) to this effect signed and exchanged at the Ministry of Finance which aims to support Food Security Programme of Government of Nepal.

The Grant shall be used by the Government of Nepal properly and exclusively for the purchase of the products and/or services necessary for the implementation of the Programme. The Grant shall also be used for purchase of rice and its transportation up to Nepal. There will be an independent and capable agent for these works. Ministry of Supplies will be the executing agency and Nepal Food Corporation (NFC) will be responsible for the implementation of project.

Mr. Shankar Prasad Adhikari, Secretary, Ministry of Finance and His Excellency, Mr. Masashi Ogawa, Ambassador of Japan signed the Exchange of Notes today in the Ministry of Finance on behalf of the Government of Nepal and the Government of Japan, respectively.

The Government of Nepal has expressed its sincere appreciation to the Government of Japan for this grant assistance and for continued support in the socio-economic development of Nepal.