Kathmandu, December 15. The government has received Rs 59 billion out of the Rs 440 billion pledged by donors during the international donors’ conference on post-quake reconstruction few months ago. But not even a single paisa has been utilised so far.
Madhu Kumar Marasini, joint-secretary at Ministry of Finance, said that as of December 14, 2015, the World Bank, Asian Development Bank, China, International Monteray Fund (IMF) and Germany have signed agreements to back their pre-announced pledges.
According to Marasini, who heads the Foreign Aid division, the Japanese government will soon sign an agreement with the Nepali government to provide Rs 22.9 billion in assistance.
However, not a single paisa of the money has been spent, says the Ministry of Finance. The reason: the hi-level reconstruction authority which is supposed to carry out reconstruction work has not been formed yet.
Government figures show that Nepal needs Rs 700 billion to carry out reconstruction of structures affected by the April quakes. On June 25, 2015, the government hosted an international seminar in Kathmandu where donors pledged to provide Rs 440 billion to Nepal for reconstruction.
Source: Sabkura News Pvt.Ltd
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