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Kathmandu Saturday March 09, 2002 Falgun 25, 2058.
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Japan extends grant assistance
Post Report
KATHMANDU, March 8 : The Japanese government has
decided to extend grant assistance of US$ 897,000 (NRs 69,331,000) to Nepal as debt relief
measure in Japan’s fiscal year 2001 (April 2001-March 2002).
According to a press release issued here today,
Takamichi Okabe, Charge d Affaires of Japan to Nepal, and Dr Bimal Koirala, Secretary at
the Ministry of Finance, signed and exchanged notes on behalf of the respective
governments today.
Japan has been extending grants for debt relief
with the objective of assisting Nepal in procuring commodities such as construction
materials, fertilisers, petroleum products, medicines, and other materials, which are
essential for carrying out development activities, states the release.
On the signing occasion, Okabe expressed hope
that the continued support would play a significant role in strengthening the existing
cordial relationship between the two Asian nations.
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