Wednesday, July 18, 2012

Aid commitment increases, disbursement still low

The last four fiscal years witnessed a continuous increment in foreign aid commitment, though the gap between commitment and disbursement has not reduced, also due to the country's low absorptive capacity.
"The country received foreign aid commitment of Rs 107.56 billion in the last fiscal year 2011-12 that ended on July 15," according to finance secretary Krishna Hari Baskota.
"Similarly, the country had received a commitment of around Rs 106 billion in fiscal year 2010-11, and Rs 96 billion in fiscal year 2009-10," he said, adding that foreign aid commitment has been increasing despite the political uncertainty.
Of the total aid commitment, the last fiscal year witnessed a disbursement of Rs 47 billion — Rs 42 billion grants and Rs 5 billion loans — on cash basis by the last week of the fiscal year, he added. "It does not include commodities and direct payment."
Similarly, grants exceeded loans as the country received a commitment of Rs 56.93 billion under grants and Rs 50.62 billion under loans.
Multilateral donors like the Asian Development Bank (ADB) and World Bank (WB) still dominate the total aid portfolio as compared to bilateral donors like India, China, Japan and the United Kingdom. "Of the total Rs 107.56 billion aid commitment, bilateral donors committed Rs 53.52 billion, whereas multilateral donors committed Rs 54.03 billion," said Baskota, adding that India, China, Japan and the UK have committed the largest aid among bilateral donors, whereas ADB, World Bank, and Climate Investment Funds are the largest multilateral donors.
"Among bilateral donors, Japan has committed the largest grant followed by China, whereas India has committed the largest loan followed by China, and among multilateral donors, ADB has committed the largest grant and loan followed by World Bank," he said.
The European Investment Bank (EIB) is the latest donor that has committed to help with the Upper Seti or Tanahun Hydropower, the finance secretary added.
However, most of the aid is directed mostly towards social sectors at the cost of productive sectors.
Foreign aid that finances more than half the development expenditure of the country, has also seen non-traditional donors lately but aid flow should be more transparent for it to be effective, according to the Paris Declaration.
"A donor's monitoring committee meets regularly every two months, besides the bilateral review and annual Nepal Portfolio Performance Report (NPPR)," informed Baskota, adding that the government is serious about increasing the effectiveness and transparency of the aid received.
In the last fiscal year, 16 bilateral donors and 13 multilateral donors committed to help Nepal, but experts have been asking the government to shift the priority to ‘aid for trade’ and ‘climate finance’ from the traditional aid to make it more effective by channelling it to productive sectors that can propel growth in the long run.

Sector wise commitment
Energy — Rs 32.70 billion
Physical Infrastructure — Rs 16.24 billion
Education — Rs 8.99 billion
Local Development — Rs 8.59 billion
Environment — Rs 8.15 billion
Drinking Water — Rs 6.24 billion
Agriculture — Rs 5.08 billion
(Sectors that received a commitment of more than Rs 5 billion in fiscal year 2011-12. Source: Finance Ministry.)

Aid commitment
2008-09 — Rs 47.97 billion
2009-10 — Rs 96.60 billion
2010-11 — Rs 106.10 billion
2011-12 — Rs 107.56 billion
(Source: Finance Ministry)

12 comments:

Anonymous said...

Good � I should certainly pronounce, impressed with your site.
I had no trouble navigating through all tabs and related info ended up being truly easy to do to
access. I recently found what I hoped for before you know it at all.
Quite unusual. Is likely to appreciate it for those who
add forums or something, web site theme . a tones way for your client to communicate.
Nice task..

my website - onlin dating site

Anonymous said...

Hi there! This is my 1st comment here so I just wanted to
give a quick shout out and tell you I really enjoy reading through your articles.
Can you recommend any other blogs/websites/forums that deal with the same topics?
Many thanks!

Have a look at my webpage; http://wearegamers.asia/

Anonymous said...

You could certainly see your skills in the paintings you write.
The arena hopes for more passionate writers like you who aren't afraid to say how they believe. Always follow your heart.

Here is my homepage; http://kayanja.org/

Anonymous said...

Somebody necessarily help to make severely articles I might state.
That is the first time I frequented your web page and to this point?
I amazed with the analysis you made to make this actual submit
amazing. Excellent job!

my weblog ... dongyenvitayakhom.xp3.biz

Anonymous said...

I do agree with all of the ideas you have presented in your post.
They are very convincing and will definitely work.
Still, the posts are very short for starters. Could you please extend them a
bit from next time? Thanks for the post.

Here is my site - dev2.vagabonders.co.uk

Anonymous said...



my web blog :: fuckbook

Anonymous said...

What�s Happening i'm new to this, I stumbled upon this I have found It positively useful and it has helped me out loads. I hope to contribute & assist other users like its aided me. Good job.

Also visit my homepage facebookofsex

Anonymous said...

Hey there, You have done an excellent job. I�ll certainly digg it and personally recommend to my friends.

I'm sure they'll be benefited from this website.

Also visit my page ... adult finder

Anonymous said...

Hello there! This is kind of off topic but I need some guidance from an established blog.
Is it hard to set up your own blog? I'm not very techincal but I can figure things out pretty fast. I'm
thinking about setting up my own but I'm not sure where to begin. Do you have any points or suggestions? Many thanks

Stop by my web page: facebook for sex

Anonymous said...

Out of my examination, shopping for consumer electronics
online can for sure be expensive, nonetheless there are
some principles that you can use to help you get the
best discounts. There are generally ways to find discount deals that could make one to come across
the best consumer electronics products at the smallest prices.

Thanks for your blog post.

Here is my blog; free dateing site

Anonymous said...

I'm extremely inspired with your writing abilities as neatly as with the structure on your weblog. Is that this a paid subject or did you customize it yourself? Either way stay up the excellent high quality writing, it�s uncommon to peer a great weblog like this one these days..

Here is my website facebook for sex

Anonymous said...

Thanks for helping me to get new suggestions about pc's. I also hold the belief that certain of the best ways to help keep your notebook computer in perfect condition is to use a hard plastic-type material case, or shell, which fits over the top of your computer. A majority of these protective gear are usually model distinct since they are fit perfectly over the natural casing. You can buy these directly from the vendor, or through third party places if they are readily available for your laptop computer, however don't assume all laptop can have a covering on the
market. Yet again, thanks for your ideas.

My blog - facebook of sex