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Launching of Development Cooperation Report, FY 2015/16

Launching of Development Cooperation Report, FY 2015/16

Hon. Deputy PM and Finance Minister Krishna Bahadur Mahara unveiled Development Cooperation Report 2015/16 on 16 April 2017 amidst a function organized at the Ministry of Finance. Hon. Minister Mahara briefly highlighted the key findings of the Report.

According to the Report, ODA disbursement has increased by 5.22 percent in FY 2015/16 compared to the previous Fiscal Year. While the total disbursement was US$ 1020.75 million in FY 2014/15, it reached to US$ 1074.06 million in FY 2015/16. Similarly, US$ 533.19 million grant was disbursed in FY 2015/16, the disbursement of loan was US$ 374.75 million and US$ 166.11 million TA was disbursed. Out of total disbursement in FY 2015/16, multilateral DPs contributed US$ 625.18 (58%) and bilateral DPs contributed US$ 448.87 million (42%).

Among the multilateral DPs, WB Group stood at the top with the disbursement of US$ 243.69 followed by ADB (US$ 217.68 million), the UN Country Team, the EU and IFAD. The USAID disbursed highest among bilateral DPs (US$ 118.93 million) followed by the DFID (US$ 89.47 million) , Japan , Switzerland and India. The top 10 DPs contributed 87.6 percent in total disbursement. While the top 5 multilateral DPs disbursed 57.1 percent of total disbursement, the top 5 bilateral DPs disbursed 30.5 percent.

The energy sector improved significantly in disbursement surpassing Health sector, the topper of last year. Central Development Region continued to receive the largest amount of ODA disbursement. On the other hand, commitment against the pledging made for post earthquake reconstruction is progressing. Of the pledging made by various development partners for reconstruction (US$ 4.1 billion), agreement of about 66% (US$ 2.71 billion) was concluded between the Government and various development partners until the end of 2016. Of the total ODA disbursed, about 63% of foreign aid (US$ 678.65 million) was disbursed through on budget projects and 37% (US$ 395.41 million) through off-budget projects in FY 2015-16.

Similarly, the volume of aid disbursement from INGOs core funding has increased from US$ 116.89 million in FY 2014-15 to US$ 168.39 million in FY 2015-16. The overall contribution made through INGOs has been encouraging over the years.