KATHMANDU, Feb. 21 -- The UK has committed $505 million in development grants to Nepal by 2030. The UK government made this commitment by signing two separate grant agreements related to business and green growth with Nepal during a special function held at the Ministry of Finance on Tuesday.

The grant agreements on the Nepal in Business (NIB) program and the Green Growth Nepal (GGN) program-a part of the new UK Development Portfolio-aim to help Nepal tackle the climate crisis, mobilize international finance for development, deliver economic transformation, and support governance and inclusion.

Joint-Secretary at the Ministry of Finance Shree Krishna Nepal, on behalf of the Government of Nepal, and Development Director at the British Em...