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Foreign aid to Nepal on the rise

 

Financial institutions
Hama finance
Good deposit schemes, 1 year fixed 7%, 3 year even 8%
Alpic everest finance
Gorkha finance
Universal finance
Business Development Finance Inst.

Nawa Kantipur
Nawa Durga Finance Co
National finance Co.
Central finance company
Annapurna finance company
Union finance company
Ace finance company
Standard Finance Limited
Capital Merchant Banking & Finance
Everest finance
Ime Financial institution
 

 

News item 3-2-2007

As the donor community has expressed confidence in running development projects in Nepal following the return of democracy and peace, the inflow of foreign aid has witnessed an upswing. The country experienced an impressive growth of 42 percent in foreign aid commitment during the first six months the current fiscal year. The data of Ministry of Finance shows that the country received a total foreign aid commitment worth Rs 20.26 billion, up from Rs 14.28 billion during the same period last year. Of the total sum, Rs 14.10 billion came as grants, while loan commitment totaled Rs 6.16 billion. The country received Rs 9.21 billion aid from bilateral donors, the whole amount being grants. On the bilateral aid front, USA stood as the highest aid provider with a commitment to give Rs 2.44 billion.

 

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