Nepals Finance Minister Dr Baburam Bhattarai has appealed to the international community to provide Nepal with additional financial assistance for its economic transformation.
The government in Kathmandu has envisaged mobilizing 65bn rupees (approx 865 million US dollar) in foreign aid for this fiscal year in order to implement its ambitious budgetary plans.
While the amount is twice that of the previous budgetary target, donors are sceptical about Nepal receiving that kind of assistance. More so given that the leading bilateral donors themselves are seeing budget strains due to the global financial crisis.
Kilde: www.worldbank.org
