The International Conference on Nepal's Reconstruction concluded in Kathmandu today, with the country securing funding commitment of around US$4.4 billion from nations and agencies for recovery and reconstruction in the aftermath of earthquakes. The total funding commitment expressed during the…
The International Conference on Nepal’s Reconstruction concluded in Kathmandu today, with the country securing funding commitment of around US$4.4 billion from nations and agencies for recovery and reconstruction in the aftermath of earthquakes. The total funding commitment expressed during the conference was almost 66 per cent of the country’s total recovery and reconstruction needs of $6.7 billion. “The total funding pledge secured today was more than our expectation. We are glad countries and development partners made generous commitment,” Finance Minister Ram Sharan Mahat told journalists. India pledged $1 billion, China pledged RMB 3 billion, Japan $260 million, US $130 million, UK $110 million, EU $112 million, ADB $600 million, World Bank $500 million, and IMF $50 million. Source: thehimalayantimes.com