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Government planning to change foreign aid pattern

By RSS on Aug 12,2018 - 16:09

The government is planning to change the pattern of foreign aid. 
At a meeting of the Economic Committee, House of Representatives today, Secretary at the Ministry of Finance, Rajan Khanal, said the government now realized the need of changing the foreign aid pattern. The need of receiving the foreign assistance on the basis of an integrated fund has been highly felt. 
"We get promises for a certain amount of assistance; it will get deducted while receiving. Assistance announced by some donors has not been provided yet." 
In some cases, received assistance has remained unspent due to various issues including the land compensation. Similarly, lack of full preparations for the implementation of project pushed the deadline for handover of the assistance while sometimes assistance goes back, creating the compulsion for investing a huge portion of revenue in the reconstruction works. 

Tags -  foreign aid

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