Secretary of State Antony Blinken and Samantha Power, administrator of the US Agency for International Development, were to announce the assistance at an event Wednesday on the sidelines of the UN General Assembly.
A major part of the package will be $110 million in private-sector projects for Nepal, where the political system has been stabilizing since a peace deal in 2006 ended a civil war claiming more than 17,000 lives. The assistance to Nepal, secured by the US International Development Finance Corporation, which leads development efforts through private investors, will include support for small businesses and sustainable transportation in the Himalayan nation.
The assistance will also involve $145 million in US government funding that features support for job creation as well as accountable public finances and other areas seen as key to democracy. The package also includes grants, including from the Ford Foundation and Rockefeller Foundation, that will support civil society groups, rural electricity and climate projects in countries that include Moldova, Tanzania and Zambia.
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