KATHMANDU: The Swiss government has pledged financial assistance of 9.01 million Swiss francs for a trekking-based tourism project in Nepal.

In a ceremony held at the Finance Ministry today, a memorandum of understanding was signed between Shreekrishna Nepal, Joint-Secretary at the Ministry, and Dr. Danielle Meuwly, Swiss Ambassador to Nepal.

The four-year project, scheduled to commence this year (2024), aims to directly benefit approximately 100,000 locals across 29 local levels in the Koshi Province.

The project is expected to support the conservation of local art, culture, promote local production, generate employment opportunities, and foster sustainable tourism practices.

During the event, Ambassador Meuwly expressed confidence that the project would serve as a milestone in promoting sustainable tourism development and invigorating the local economy.

He emphasized that the implementation of the project would significantly contribute to environmentally friendly socio-economic progress.

Likewise, Nepal’s Joint-Secretary and Chief of International Economic Cooperation Coordination Division highlighted that the project would enhance the tourism capacity of the Koshi Province, consequently boosting the income sources of locals through the promotion of eco-tourism.

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