Business
Multilateral committee to monitor reconstruction in Nepal
Kathmandu, Oct 24: Nepal has formed a foreign aid coordination and facilitation committee with the participation of the Nepali government, China, India, the World Bank and the Asian Development Bank.
Headed by Nepalese Prime Minister Puspa Kamal Dahal, the National Reconstruction Authority Advisory Council, would bring uniformity and avoid duplicity in the implementation of aid in the post-quake reconstruction work here, Xinhua news reported.
The neighbouring countries along with multilateral institutions had committed the largest amount of aid for the post-earthquake reconstruction of Nepal.
The committee would involve the government, other Nepalese stakeholders and donors under the coordination of the NRA's Chief Executive Officer Sushil Gyawali, a statement issued on Sunday said.
There would also be one representative each from four donors who would be part of the mechanism put in place.
The coordination committee would encourage domestic and foreign donors, civil society and the private sector to contribute to the reconstruction.
The committee would provide necessary suggestions after conducting a review of the progress in the reconstruction carried out with foreign aid so far.
10 hours ago
Trump bets on drug prices to win midterms
10 hours ago
Trump declares US will take over Hormuz as US territory ‘pretty soon’
10 hours ago
Mary Millben hails India’s unity, PM Modi
10 hours ago
Trump vows to abolish US sanctuary cities
10 hours ago
Trump claims historic fall in US violent crime
10 hours ago
Prudential Center in Boston glows in Indian tricolour
10 hours ago
Trump says US will claim Strait of Hormuz
10 hours ago
‘Stronger than ever’: US Secretary of State Marco Rubio extends Independence Day greetings to India
10 hours ago
Israel’s Prez congratulates President Murmu, PM Modi on 80th I-Day
10 hours ago
'Our children now fight for their rights,’ says Kejriwal on Independence Day
10 hours ago
Kharge, Rahul Gandhi skip Red Fort I-Day celebrations for second consecutive year
10 hours ago
Prez Murmu, PM Modi extend Navroz greetings, hail Parsi community's contributions
10 hours ago
Amit Shah's two-day Rajasthan visit begins today, Rs 667 crore to reach 66.74 lakh farmers
