Nepal | June 05, 2020

NRA gets finance ministry’s go-ahead to spend Rs 84bn

Himalayan News Service
Share Now:

Reconstruction resource

Kathmandu, July 23

The National Reconstruction Authority (NRA) has been given the permission to spend Rs 84 billion out of the total Rs 142 billion allocated for the reconstruction of earthquake ravaged structures this fiscal, 2016-17. The Ministry of Finance (MoF) has extended the authority to NRA to accelerate the reconstruction drive.

The MoF has planned to mobilise a large chunk of foreign aid in the budget extended to the NRA. Around 85 per cent of Rs 84 billion that has been extended to the NRA will be mobilised using the foreign aid.

Development partners have pledged loan and cash grant for the country’s reconstruction drive. Neighbouring India and China have made commitments of Rs 12.50 billion and Rs 500 million as grant assistance. Similarly, European Union has pledged grant amount worth Rs 11 billion, Japan International Cooperation Agency (JICA) has promised Rs 1.83 billion, German KFW Development Bank has pledged Rs three billion, South Korea has pledged Rs 850 million and Asian Development Bank (ADB) has committed to extend Rs 980 million.

According to NRA, Rs 1.50 billion will be financed from pool fund for reconstruction.

Likewise, the government will mobilise Rs 13.26 billion from the International Development Association-World Bank, Rs 9.56 billion from ADB, Rs 11.67 billion from JICA and Rs five billion from International Monetary Fund as concessional loan assistance.

The government will mobilise Rs 12.29 billion for reconstruction from its own resources.

The reconstruction programmes proposed by the concerned ministries to the Line Ministry Budget Information System (LMBIS) will get the budget after the executive committee of the NRA endorses the programmes. The programmes are designed and selected based on the Post Disaster Needs Assessment and Post Disaster Recovery Framework (PDRF) — a five-year plan for reconstruction and rehabilitation.

A version of this article appears in print on July 24, 2016 of The Himalayan Times.

Follow The Himalayan Times on Twitter and Facebook

Recommended Stories:

More from The Himalayan Times:

Traders defy lockdown as patience runs thin in Nepal

Durbar Marg shops to open from today Other traders, businesses also defiant KATHMANDU, JUNE 3 With no end in sight to the nationwide lockdown imposed on March 24 that has effectively halted all economic activities for the past two-and-a-half months, traders, firms and industries have be Read More...

Mahakali Hospital isolation ward filled with COVID-19 patients

KANCHANPUR: At least fifteen COVID-19 patients have been admitted to the isolation ward of Mahakali Hospital in Bhimdattanagar Municipality, Kanchanpur district. The isolation ward has a capacity of 20 beds. The hospital has started treatment of COVID-19 since Tuesday. Seven persons — reside Read More...

The office of the prime minister and council of ministers, OPMCM

Evacuation of Nepalis likely to begin Friday

KATHMANDU, JUNE 3 After the plan to evacuate stranded Nepali citizens from several countries was approved by the Cabinet a few days ago, the government is gearing up to bring them home on priority basis from Friday. Narayan Bidari, secretary at the Office of the Prime Minister and Council of M Read More...

Home isolation for asymptomatic, mild Covid cases

KATHMANDU, JUNE 3 The Ministry of Health and Population has directed hospitals to send home patients infected with the novel coronavirus who show mild or no symptom of the disease so that hospitals can treat severe cases of COVID-19. Hospitals treating COVID-19 patients have also been told to Read More...

Nepal govt may declare state of public health emergency as coronavirus cases rise steadily

KATHMANDU: The Ministry of Health and Population is mulling over proposing to the Council of Ministers to declare state of public health emergency in the country following a surge in the number of COVID-19 cases in the country. Section 48 (2) of the Public Health Service Act states that if public Read More...

COVID-19 curve flattening in Narainapur

NEPALGUNJ, JUNE 3 The COVID-19 spread seems to have come under control in Narainapur Rural Municipality, Banke, which had emerged as a coronavirus hotspot after a number of people tested positive for the virus here earlier. According to the district’s corona focal person Naresh Shrestha, it Read More...

Frontline workers to get hazard allowance

KATHMANDU, JUNE 3 The Government of Nepal has published ‘Hazard Allowance Management Order for Human Resources Involved in the Treatment of COVID-19 Infection’ in Nepal Gazette for its implementation. The order aims to provide hazard allowance to the human resources involved in the identif Read More...

Kathmandu Medical College sealed

KATHMANDU, JUNE 3 Kathmandu Medical College Teaching Hospital in Sinamangal has been shut for an indefinite period after two of its health workers contracted COVID-19. The hospital’s Medical Director Dr Mukunda Raj Joshi issuing a notice today, informed that the hospital would be closed for Read More...