Page 2 - Development Cooperation Report News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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 F...

Annual foreign aid to Nepal surged 26.87 percent to $2 billion last fiscal year Kathmandu Post Kathmandu, April 9 -- Foreign aid to Nepal surged 26.87 percent to $2 billion in the last fiscal year 2019-20 ended mid-July, helped by the funds allocated to assist Covid-19 response and recovery programmes, the Finance Ministry said. The money received from the country's development partners accounts for 23.3 percent of the national budget. In the previous fiscal year, foreign aid disbursement amounted to $1.57 billion. © Narayan Maharjan/NurPhoto Daily Life In Nepal The Finance...