Wednesday, January 16, 2019

Province 3 largest recipient of foreign aid

Province 3 is the largest recipient of the foreign aid, according to a report.
According to the Development Cooperation Report (DCR 2018) released by the Finance Ministry today, the Province 3 – despite a drop of 6.28 per cent in aid disbursement – is the largest recipient of the development assistance. "It received $332.47 million in foreign aid in the last fiscal year 2017-18," the report reads.
Five – out of seven provinces – saw their foreign aid disbursement increase in the last fiscal year, whereas disbursement in Province 1 declined by 5.46 per cent to $58.31 million. "According to the report, out of the total development assistance disbursed, about 57 per cent ($923.2 million) was disbursed through national level projects while about 43 per cent ($699.6 million) was disbursed to projects associated with specific districts or provinces.

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