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Tag Archives: Foreign Aid

Development partners pledge more than half Nepal’s need

Development partners – including both multilateral and bilateral – today pledged $4.4 billion in aid that is almost two-third the Post Disaster Need Assessment (PDNA) estimation for the reconstruction of Nepal. According to preliminary estimation of PDNA, Nepal needs Rs

President, PM discuss ordinance on reconstruction authority

President Dr Ram Baran Yadav and Prime Minister Sushil Koirala today held discussions at the former’s official residence at Shital Niwas on proposed high level authority for reconstruction. During the meeting, they talked about the preparation on bringing an ordinance

NZ aid organisations call on to push for debt cancellation for Nepal

Humanitarian aid organisations are calling on the New Zealand government to advocate for the immediate and unconditional cancellation of Nepal’s foreign debt after devastating earthquake on April 25 and May 12 and subsequent aftershocks. NGO Disaster Relief Form chair Ian

Planning commission to showcase resilient home designs

Department of Urban Development and Building Construction, in association with some non-governmental organisations (NGOs), is showcasing some 25 designs of earthquake-resilient houses suitable for rural areas during the donors’ conference on June 25. The houses will be constructed using local

Earthquake pushes one million Nepalis down poverty line

The devastating earthquake of 7.8-magnitude on April 25 and susbquent aftershocks has pushed an estimated one million people below poverty line. Presenting the findings of the Post-Disaster Needs Assessment (PDNA) report here today National Planning Commission vice chair Dr Govinda

Country needs Rs 666 billion for reconstruction

The country needs more than the current fiscal year’s budget to reconstruct the damaged infrastructure by the devastating earthquake of 7.8-magnitude on April 25. The preliminary report of Post Disaster Needs Assessment (PDNA) has estimated some Rs 666.31 billion ($6,663.1

Donors’ conference in Kathmandu on June 25

The government has decided to hold international donors’ conference in Kathmandu on June 25. The cabinet meeting today, apart from fixing the date, formed a committee led by finance minister Dr Ram Sharan Mahat to hold the national conference of

Government, UNFPA Nepal launch campaign for earthquake response and beyond

The United Nations Population Fund, with the support of Ministry of Women, Children and Social Welfare and UNFPA Nepal goodwill ambassador Manisha Koirala, have launched ‘Dignity First’, a campaign that captures the essence of the life-saving work needed to support

Parliamentary committee directs government to adopt one-door policy for relief aid

International Relations and Human Rights committee today directed the government to take all the foreign assistance for relief and rehabilitation through government fund. “We have directed the government to take the much-needed foreign assistance only through the government fund based

Switzerland to provide Rs 90.7 million relief to quake

Switzerland has decided to provide Rs 90.7 million as relief assistance to the quake victims of Nepal. The Embassy of Switzerland has informed that the amount would be spent on managing temporary shelters for 20,000 quake victims of Ramechhap, Okhaldhunga,

Government, ADB sign $3 million grant for earthquake relief

The government and Asian Development Bank (ADB) today signed a $3 million grant agreement to finance relief efforts in the country following Saturday’s 7.8 magnitude earthquake. Finance secretary Suman Sharma and ADB country director Kenichi Yokoyama signed the agreement on

Five donors pull out of Nepal Peace Trust Fund

Some five donors decided to pull out of Nepal Peace Trust Fund (NPTF). Denmark, Finland, Norway, Switzerland and UK’s Department for International Development (DfID) today decided to cease their financial support to the second phase of the fund that has

Australia to provide grant assistance of Rs 314 million

The government of Australia has agreed to contribute an additional grant assistance of four million Australian Dollars (approximately Rs 314 million) to the pool of School Sector Reform Programme (SSRP). Finance Secretary Suman Prasad Sharma and Australian ambassador to Nepal

ADB, Norway to help Nepal overcome crippling power shortage

Norway has pledged a grant of 360 million Norwegian kroner ($60 million) for power sector to be spent under the Sub-Regional Economic Cooperation (SASEC) Power Expansion Project. The project’s lead donor, the Asian Development Bank (ADB), will administer the Norwegian

Number of World Bank-funded problematic projects double in a year

The number of World Bank-funded problem projects has doubled in a year. Some 10 projects, out of 18 under operation in the current fiscal year, are either risky or potentially risky, according to the World Bank. However, there were only

Foreign aid absorption capacity erodes

Compared to domestic resources, the government’s appetite for the foreign aid consumption has eroded in last six years, though it has been working on to bring all forms of aid under red book. The government has been able to consume

Denmark to provide grant assistance of Rs 9 million

The Embassy of Denmark today signed an agreement with United Nations Development Program (UNDP) in Nepal to provide grant assistance worth DKK 500,000 (equivalent to Rs 9 million) to support the Aid Management Platform under Finance Ministry. According to a

ADB to resume extending grant assistance to Nepal

Asian Development Bank (ADB) has agreed to resume extending grant assistance to Nepal and allocate additional funds for the country to help it achieve its development targets, finance minister Dr Ram Sharan Mahat said today. After returning to Kathmandu today