PM inaugurates International Conference on Nepal's Reconstruction

KATHMANDU: The International Conference on Nepal's Reconstruction (ICNR) has begun at the Hotel Soaltee Crown Plaza on Thursday.

Prime Minister Sushil Koirala inaugurated the programme.

ICNR is organised by the Nepal Government in order raise funds to reconstruct the physical infrastructures of Nepal destroyed by the devastating earthquake of April 25 and its frequent aftershocks.

In his inaugural speech, the Prime Minister called international donor agencies and friendly nations to help Nepal in the hour of need.

Finance Minister Mahat, in his speech, said the conference is more about human values of friendship and mutual support, than about asking and giving donations.

Mahat said the earthquake has widened trade deficit of the nation and lessened revenue collection. Hence, the government has sought support from donors to recover the losses, he added.

Following Mahat's speech, the National Planning Commission will then present the PDNA report, which will provide a snapshot of damage and losses suffered by various sectors due to quakes, and recovery and reconstruction needs of the country.

Following this, delegates from several countries and agencies will deliver speeches and make pledges for financial assistance.