Nepal received only 21.27 percent of its targeted foreign aid

Foreign aid inflow falls below target

Nepal has received only 21.27 percent of its targeted foreign aid by the end of the second quarter of the current fiscal year. Of the Rs 287.11 billion projected, only Rs 61.73 billion had been realized by January 14. Grant receipts reached just 13.3 percent of the target, while loans stood at 23.1 percent. The Financial Comptroller General Office reported Rs 14.173 billion in pending reimbursements from development partners. Officials say improved project implementation is crucial to narrowing the gap between commitments and disbursements.