Efficient management of finance during reconstructions: NRA

Kathmandu / Oct 28: The Development Aid Coordination and Facilitation Committee at the National Reconstruction Authority (NRA) has decided to mobilize financial resources by preparing a work procedure of the Committee.

The first meeting of the recently formed Committee held Friday decided to accelerate the post-quake reconstruction activities by calling for bi-monthly meeting, according to NRA Spokesperson Ram Prasad Thapaliya.

In the meeting, NRA Chief Executive Officer and Committee Coordinator Sushil Gyawali briefed about the progress and the challenges facing the reconstruction drive. The participants of the meeting offered various suggestions for the mobilization, coordination and facilitation of the foreign aid for the drive.

The meeting was attended by representatives from Indian Embassy, and of Chinese Embassy in Nepal, Nepal-based chiefs of the World Bank and Asian Development Bank, representatives from the Federation of Nepalese Chamber of Commerce and Industries, NGO Federation, from INGO Federation and high level officials from Finance Ministry, the Office of the Auditor General, the National Planning Commission and Ministry of Foreign Affairs.

All the attendants expressed hope that foreign investments in the reconstruction and rehabilitation efforts would be used effectively and in a transparent manner.

Out of the total donations pledged at the International Conference on the Reconstruction following the quake, agreements to provide approximately Rs 278 billion for the reconstructions have been signed so far between the government and various donor agencies. RSS