Nepal sees 30pc rise in foreign aid in fiscal 2016-17: Report

XINHUA, KATHMANDU: Nepal saw 30 per cent rise in disbursement of official development assistance (ODA) received from multilateral and bilateral donors in the last fiscal year 2016-17, a finance ministry report said on Sunday.

A total of 1.39 billion US dollars was disbursed in the last fiscal year that concluded in mid-July.

In the previous fiscal 2015-16, disbursement of foreign aid was 1.07 billion US dollars.

According to the report, foreign aid disbursement rose significantly in the last fiscal year compared to previous six years when foreign aid disbursement remained between 960 million US dollars and 1.1 billion US dollars.

 

Nepal sees 30pc rise in foreign aid in fiscal 2016-17: Report

XINHUA, KATHMANDU: Nepal saw 30 per cent rise in disbursement of official development assistance (ODA) received from multilateral and bilateral donors in the last fiscal year 2016-17, a finance ministry report said on Sunday. A total of 1.39 billion US dollars was disbursed in the last fiscal year that concluded in mid-July. In the previous fiscal 2015-16, disbursement of foreign aid was 1.07 billion US dollars. According to the report, foreign aid disbursement rose significantly in the last fiscal year compared to previous six years when foreign aid disbursement remained between 960 million US dollars and 1.1 billion US dollars.