Monday, August 13, 2012

ADB shows concern

Finance Ministry on Monday has assured donor agencies of maximum utilisation of their development aid and grants, as donors have started complaining about government commitment.
"The government is committed to enhancing working procedures," said finance secretary Krishna Hari Baskota in the second quadrimester review of projects supported by Asian Development Bank (ADB).
"We will identify the obstacles and improve the quality of work,” he said, adding that reforms will be seen in the future. He also urged ADB to continue with its support in the coming days.
In the meeting, ADB’s country representative to Nepal Kenichi Yokoyama spoke on the progress in ADB supported projects, problems and preparation of new projects. He voiced his grave concern about low utilisation of ADB support last year as compared to previous years.
ADB and the Finance Ministry must concentrate on infrastructure development and sustainable management of the projects, he suggested.
About half a dozen projects including energy access, information technology, tourism infrastructure, reform in capital market, and road network were evaluated in the meeting.

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