Nepal receives foreign aid commitment of Rs 138 billion in current fiscal

KATHMANDU: The Government of Nepal has received foreign aid commitment 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), Nepal received commitments for grants equivalent to Rs 24.56 billion while the country received Rs 114 billion foreign loan from different bilateral and multilateral development partners in the last eight months.

The government through its annual budget had set a target to receive foreign loans worth Rs 242.26 billion and foreign grants of Rs 44.46 billion in the eight months.

Against the target, the commitment for foreign loan and grants stood at 47 percent and 44.28 percent, respectively.