Tentative framework for mobilising Indian fundsThe government is preparing a tentative framework on spending funds pledged by the Indian government for the post-earthquake reconstruction.
The government is preparing a tentative framework on spending funds pledged by the Indian government for the post-earthquake reconstruction.
Although India has pledged $1 billion, a quarter of which will be grant, the amount has not been released yet due to conflicting views over its spending areas, according to informed sources. The National Reconstruction Authority, the body responsible for handling over all post-earthquake reconstruction and rehabilitation, wants to spend the fund on its own.
Gopal Khanal, PM Oli’s Foreign Affairs expert, hinted a tentative agreement on Indian-pledged reconstruction fund during the visit. “India has pledged a big amount. They have some concerns, mainly regarding its spending areas. And we want to mobilise it on our own,” said Khanal. “So, NRA CEO is accompanying the PM to facilitate a tentative agreement on framework during the visit.”
CEO Gyawali to make presentation on quake reconstruction
CEO of National Reconstruction Authority Sushil Gyawali, who is accompanying PM Oli, will make a special presentation on ‘Post-earthquake Nepal and Reconstruction’. According to a source at the Nepali Embassy here, Gyawali will make the presentation during a gathering of entrepreneurs and business community
at Taj Palace Hotel on Monday evening.