Nepal | October 20, 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:

Nepalaya releases Dr Sudha Sharma's memoir 'Singha Durbarko Ghumne Mech'

KATHMANDU: Nepalaya book publication house has released Dr Sudha Sharma's memoir 'Singha Durbarko Ghumne Mech'. Issuing a press statement, the publication house said, Nepal's Former President Dr Ram Baran Yadav unveiled the book amid special ceremony in Kathmandu, on Saturday. The book chr Read More...

MoWCSC

Government develops procedure for collecting data on women, children

KATHMANDU, OCTOBER 18 The Ministry of Women, Children and Senior Citizens has developed ‘Procedure for Data Collection and Updating of Women, Children and Differently-abled Persons-2020’ for the purpose of incorporating them in reports, which the Government of Nepal is obliged to submit to in Read More...

Murder suspects held after 11 years

KATHMANDU, OCTOBER 18 The Central Investigation Bureau of Nepal Police has apprehended two persons, who were accused of murdering one of their fellow workers, 11 years after they allegedly committed the crime. The murder suspects have been identified as Bhimsen Ghaga Magar, 51, and Ram Krishna Read More...

Protocol for disposal of COVID dead changed

KATHMANDU, OCTOBER 18 The Ministry of Health and Population has amended its Dead Body Management Protocol mandating family members to cremate or bury the bodies of those family members that die of COVID-19 at home. Until now, government authorities, particularly the District COVID Crisis Manag Read More...

Missing ASI’s body found in Mohana River

DHANGADI, OCTOBER 18 ASI Govind BK, in-charge at Jugeda Temporary Police Post in Dhangadi Sub-metropolitan City, Kailali, was found dead today. His body was recovered from the Mohana River. BK had gone missing since last night. According to police, BK has received a deep cut on his neck. Polic Read More...

Kuse Danda, a new tourist spot in Ilam

ITAHARI, OCTOBER 18 Ilam has added a new destination to its list of dozens of popular tourist destinations. Kuse Danda, a picture-perfect hillock located at Chulachuli Rural Municipality, has become the latest attraction in the southern belt of Ilam. A local writer, Bibas Balibhadra Koirala Read More...

EDITORIAL: Improper act

Lawmakers have the moral obligation to show concern for people’s sufferings that they have never faced before on this scale Lawmakers and leaders of all the political parties are supposed to show how to conduct oneself in times of national crises. They are supposed to empathise with the people wh Read More...

Doing beauty contests differently: Focus on leadership, empowerment

I have never been a fan of beauty contests. I always found them to be too frivolous and empty of real content although, to be fair, the contestants have to demonstrate, through the selection, a certain degree of understanding of the society, its dynamics and key issues of national interest. It is Read More...