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Nepal received Rs 89.64 billion foreign aid!

KATHMANDU: Nepal received foreign assistance of approximately Rs. 89.64 billion (about 1.8 billion US Dollars) in the Fiscal Year 2010/11.

As per the Development Cooperation Report for Fiscal Year 2010-11 prepared by the Ministry of Finance, of the total foreign aid received during that period about 58 per cent was received from the multilateral donor agencies, 36 per cent from the OECD-DAC bilateral donors and six per cent from the bilateral South-South Cooperation partners.

The Report names the World Bank (WB), the Asian Development Bank (ADB), the United Nations Programme, European Union (EU) and the Global Fund for HIV/AIDS, TB and Malaria Control as Nepal’s five major donors.

The WB provided 256.1 million US Dollars, the ADB 184.4 million US Dollars, the UN Programme 112.5 million US Dollars, the EU 42.4 million US Dollars and the Global Fund 19 million US Dollars to Nepal in that fiscal year.
Similarly, among the five major countries providing bilateral assistance are the United Kingdom (92.1 million US Dollars), Japan (58.7 million US Dollars), India (50.7 million US Dollars), the United States (48.5 million US Dollars) and Norway (32.8 million US Dollars).

The Report states that per head foreign assistance received by Nepal is approximately 40.6 US Dollars and this figure is very less compared to the per head foreign assistance figure of countries with comparable Human Development Index as Nepal. The ‘per person’ foreign assistance in Senegal is 84 US Dollars and 55 dollars in Uganda and 67 dollars in Tanzania.

Four sectors have received foreign assistance of more than one billion US Dollars in the Fiscal Year 2010-11, according to the Report. These sectors are education (202.8 million US Dollars), local development (135.1 million), health (129.6 million) and road transport (111 million) in that fiscal year. RSS

Published Date: Friday, April 27th, 2012 | 09:22 PM

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