Monday, August 29, 2011

ADB, Japan launch new projects

The Asian Development Bank (ADB) and the government of Japan today teamed up to help Nepal reduce child malnutrition, develop new livelihood opportunity for the poor populace and promote greater access to clean energy for poor rural women.
The three projects will be funded by grants totaling $7.7 million from the Japan Fund for Poverty Reduction (JFPR) and administered by the ADB.
"From 2001 to August 2011, Nepal has been the beneficiary of ten JFPR projects worth more than $17.05 million," country director of Asian Development Bank Barry J Hitchcock said, adding that the additional three programmes will benefit the most vulnerable and often excluded groups.
Reducing Child Malnutrition through Social Protection will help Nepal improve planning and delivery of its social protection programmes, whereas Support for targeted and sustainable development programme for highly marginalised groups will provide assistance to develop new livelihood opportunities and improve income in the poorest and the most disadvantaged communities. Similarly, Improving Gender-Inclusive access to clean and renewable energy — a sub-regional project — will promote greater access to clean energy for poor rural women in Bhutan, Nepal and Sri Lanka.
"Despite Japan's rising expenditure for reconstruction of earthquake and tsunami in Japan, we are firmly determined to continue providing all possible assistance for the welfare of Nepal," ambassador of Japan to Nepal Tatsuo Mizuno said, during the launching of the projects.
Japan has helped Nepal upgrade Kathmandu-Bhaktapur road under its grant aid ODA and also constructing 160-km Sindhuli road that is expected to complete in future, he said, adding that the road will help local people generate income and reduce poverty.
Finance secretary Krishnahari Baskota and Local development secretary Sushil Ghimire, on the occasion, thanked Japan government and ADB for their consistent help in Nepal's development.

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