KATHMANDU, April 26: Nepal and China have signed two agreements focused on human resources development and the improved bone marrow transplantation service.

These two important agreements were signed in the presence of Finance Minister Barshaman Pun during a ceremony at the Ministry of Finance.

One agreement related to human resources development cooperation for global development initiatives, was signed by Finance Secretary Madhu Kumar Marasini and Chairman of the China International Development Cooperation Agency (CIDCA) Luo Zhaohui on behalf of their respective governments. 

Another agreement focused on  bone marrow transplant services was signed by Health Secretary Dr Roshan Pokharel and Luo Zhaohui of the CIDCA.

The CIDCA has been working on the formulation of China's foreign aid strategy standards related policy and planning and foreign aid reform agenda.

China had expressed commitment to provide support to initiate bone marrow transplant service in Nepal during Prime Minister Pushpa Kamal Dahal's visit to China in September 2023. 

According to the agreement, China will provide financial assistance to BP Koirala Memorial Cancer Hospital in operating bone marrow transplant services.

Speaking on the occasion, Finance Minister Pun expressed gratitude to China for its ongoing support in Nepal’s development. He anticipated further cooperation from China in the days ahead. 

Minister Pun noted that Nepal and China have a deep, diverse and sustainable relationship as both the countries respect each other’s development aspirations and sensitivity.

Finance Minister Pun laid emphasis on the need of implementing the remaining bilateral agreements signed during high-level visits between the two countries. Stating that they are now on the eve of the Third International Investment Summit, he expressed confidence that Nepal will get the commitment of significant Chinese investment during the summit.

Similarly, CIDCA’s Luo Zhaohui, who led the Chinese delegation, stated that China values its friendship with Nepal and remains committed to supporting Nepal’s development endeavors. He expressed commitment to implement every issue of agreements signed during the Nepal visit of Chinese President Xi Jinping, and Prime Minister Dahal's China visit.  

Stating that they are now in Nepal in the context of the Third Nepal Investment Summit, Luo expressed his commitment to increase Chinese investment in Nepal during the summit.

 
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