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Foreign organisations face funding crunch due to Covid-19 Kathmandu Post
Nepal, April 10 International non-governmental organisations appear to be facing funding shortages in the wake of the Covid-19 pandemic.
Their funding commitment has declined substantially during the first eight months of the current fiscal year. This is the continuation of the trend observed in the last fiscal year 2019-20 when disbursement of funds by the international NGOs in the last fiscal year declined by nearly 39 percent, according to the Development Cooperation Report 2019-20 released by the Finance Ministry on Thursday.
According to the Social Welfare Council, it has approved a budget of Rs3.5 billion for 230 projects of international NGOs during the first eight months of the fiscal year compared to their budget approval of Rs12.19 billion for 240 projects during the same period last fiscal year.