Nepal receives foreign aid commitment of Rs 138 billion
KATHMANDU, MARCH 26 : The Government of Nepal has received commitments for foreign aid amounting to over Rs 138.5 billion as of mid-March in the current fiscal year 2022/23. According to the Ministry of Finance (MoF), of this total figure, grants account for Rs 24.56 billion and loans Rs 114 billion.
The government through its annual budget had targeted to receive foreign loans worth Rs 242.26 billion and foreign grants of Rs 44.46 billion in the first eight months of this fiscal year. The committed amount of foreign loan is 47 percent of the set target while the same of grants represents 44.28 percent of the set target.
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