Nepal receives 89.64 billion in foreign aid ($1.2b)

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Nepal receives Rs 89.64 b foreign aid

Nepal has received foreign assistance of approximately Rs 89.64 billion (about USD 1.8 billion) 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 USD 256.1 million, the ADB USD 184.4 million, the UN Programme USD 112.5 million, the EU USD 42.4 million and the Global Fund USD 19 million to Nepal in that fiscal year.

Similarly, among the five major countries providing bilateral assistance are the United Kingdom (USD 92.1 million), Japan (USD 58.7 million), India (USD 50.7 million), the United States (USD 48.5 million) and Norway (USD 32.8 million).

The Report states that per head foreign assistance received by Nepal is approximately USD 40.6 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 USD 84 and 55 dollars in Uganda and 67 dollars in Tanzania.

Four sectors have received foreign assistance of more than one USD billion in the Fiscal Year 2010-11, according to the Report. These sectors are education (USD 202.8 million), local development (USD 135.1 million), health (USD129.6 million) and road transport (USD111 million) in that fiscal year.

From theĀ Himalayan Times

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