Kathmandu, August 26

The country has concluded the survey on effectiveness of foreign aid for the purpose of submitting the findings for the second Global Monitoring Survey on aid effectiveness.

The global report is going to be unveiled during the second high-level meeting of Global Partnership for Effective Development Cooperation in Kenya from November 28 to December 1.

The survey was carried out based on various indicators like whether the development partners have been providing assistance based on the recipient country’s need or not, the extent to which the development partners are following the national system; if development cooperation funding is covered by indicative forward spending plans provided at country level; per cent of development cooperation funding scheduled for disbursement that is recorded in the annual budgets approved by the legislatures of developing countries.

The report has also looked into the progress in implementing agreed commitments with the aid provider; use of the country’s public finance management for the procurement of donor funded projects, among others, according to the International Economic Cooperation Coordination Division (IECCD) under the Ministry of Finance.

Based on the results of the global survey, the high-level meeting that is going to be participated by the official development assistance (ODA) providers and the aid recipients will generate new ideas for the effective utilisation of foreign assistance to achieve Sustainable Development Goals (SDGs).

The findings to be unveiled during the high-level meeting in Kenya, is aimed at bringing effectiveness in foreign aid mobilisation and achieve the expected results. Both the aid providers and the aid recipients will deeply asses the shortcomings of past and adopt new modalities for result-oriented mobilisation of development cooperation.

In Nepal, a large chunk of aid has still not come under the government’s purview. According to the Development Cooperation Report of 2014-15, around 35 per cent of total foreign aid is being spent from beyond the national system or out of the budget.

The IECCD, during the survey, has identified fragmentation of aid, lack of project readiness and spending capacity from the government side and donors’ engagement with various agencies, lack of transparency as the major obstacles for effective utilisation of development assistance.