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Focus on climate crisis, more investment

UK-Nepal development portfolio

by Blitzindiamedia
February 25, 2024
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In a bid to bolster Nepal’s resilience against the climate crisis and foster inclusive development, the United Kingdom’s Minister of State (International Development and Africa) Andrew Mitchell unveiled a £400- million development portfolio.

The initiative aims to generate 13,500 jobs, attract over $1 billion in investments, and ensure access to quality healthcare and education services for two million women and girls by 2030.

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Mitchell, who was on a two-day visit to Nepal from February 19-20, underscored the enduring ties between the UK and Nepal, rooted in a shared history and a joint commitment to a prosperous future. The minister underscored that the portfolio’s focus is on long-term systemic transformation of Nepal.

Speaking at the Nepalese Ministry of Finance, Mitchell outlined the UK’s collaboration with Nepal to mobilise development funding, combat the climate crisis and foster business growth, essential for Nepal’s anticipated transition from Least Developed Country status. He insisted that the portfolio will help enhance sustainable local infrastructure, benefitting 1.7 million people across Nepal.

Mitchell had discussions with key Nepalese figures, including Prime Minister Pushpa Kamal Dahal, Foreign Minister Narayan Prakash Saud, and Finance Minister Prakash Sharan Mahat.

Mitchell also visited the Upper-Trishuli-1 Hydropower project, funded by British International Investment (BII). This venture not only promises clean energy for millions but also catalyses economic growth through job creation. He also witnessed UK investment in job creation and entrepreneurship initiatives, such as Upaya and the Youth Innovation Lab, aimed at bolstering Nepal’s disaster resilience.

Furthermore, Minister Mitchell witnessed the impacts of climate change firsthand in the Hindu Kush Himalaya and observed the UK’s efforts to assist Nepal in managing climate risks.

This includes substantial support through the £274 million Climate Action for a Resilient Asia (CARA) programme, aimed at promoting climate resilience in the region. Notably, UK funding is also improving support for survivors of gender-based violence at the One-Stop Crisis Management Centre at Lumbini Province Hospital, showcasing the UK’s commitment to addressing social exclusion and supporting marginalised groups in Nepal.

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