Jan 16, 2017

Hon. Finance Minister Dr. Ram Sharan Mahat unveiled Development Cooperation Report 2013-14 on 22 April 2015 amidst a function organized at the Ministry of Finance. Hon. Minister Dr. Mahat briefly highlighted the key findings of the Report.

Hon. Finance Minister Dr. Ram Sharan Mahat unveiled Development Cooperation Report 2013-14 on 22 April 2015 amidst a function organized at the Ministry of Finance. Hon. Minister Dr. Mahat briefly highlighted the key findings of the Report. Dr. Mahat while delivering his remarks opined that overall aid disbursement was encouraging compared to the previous year. According to the Report, total volume of aid disbursement for FY 2013-14 was US$ 1.112 billion of which ODA contribution was US$ 1.036 billion and INGOs contribution was US$ 76.08 million. Aid disbursement in the previous fiscal year was US$ 0.96 billion. Excluding the INGO contribution, the share of multilateral and bilateral development partners was 52 percent and 48 percent respectively. The World Bank was the largest multilateral donor followed by Asian Development Bank, EU, UN Agencies and Global Fund. Similarly, UK was the largest bilateral donor followed by India, USA, China and Japan making disbursement in 2013-14. Of the total ODA disbursement, 66 percent was grant, 18 percent loan and 16 percent mobilized as technical assistance.

The Report also indicated that there is an improvement in aid on-budget disbursement (71 percent) compared to previous fiscal year (64 percent). The Report also indicated that 39 percent of the aid was mobilized in social sector followed by 26 percent in infrastructure development and 25 percent in macro-economic policy and economic development area. Education sector remained the largest aid receiver followed by local development, health, and energy and road transportation. The Report also provides separate chapter for INGO contribution. As a result, it is possible to know how and where INGOs have been mobilizing aid resources. Hon. Finance Minister expressed satisfaction on the progress made toward the management of aid information system during the last few years through AMP, and emphasised the need to make it further qualitative and user-friendly. Dr. Mahat also reiterated that the new development cooperation policy will help discourage aid fragmentation and lead to concentrate on large and national priority projects in the country. Dr. Mahat anticipated that the Report being informative and analytical, and also covering wide area of aid information, would be useful to all stakeholders. Dr. Mahat thanked all development partners for supporting the efforts of the Government of Nepal in enhancing aid transparency and accountability through the implementation of Aid Management Platform.