KATHMANDU: Funds inflow has drastically gone up to Rs. 84.7 billion in the first two months (mid-July to mid-September) of the current fiscal year 2020/21.
It’s nearly 39 percent of the total foreign support the country received in the last fiscal year 2019/20.
Nepal had received Rs. 219.88 billion foreign aid from multilateral and bilateral donors as well as international non-government organizations in 2019/20, said the International Economic Cooperation Coordination Division (IECCD) at the Ministry of Finance (MoF), the Rising Nepal reported on Sunday.
The aid is about 9 percent higher than in FY 2018/19 when the inflow of funds stood at about Rs. 200 billion.
However, the country received a higher amount of funds in the latter five months of the last fiscal year than the first seven months. The amount it received from the development partners till mid-February 2020 was Rs. 109.28 billion but the funds from mid-February to mid-July totaled Rs. 110.6 billion.
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