\n| \n Funding Agency <\/strong><\/span><\/p>\n<\/td>\nFY 2014-15 (Earthquake Year) (USD Million)<\/strong><\/span><\/td>\n| \n FY 2017-18 (USD Mn)<\/strong><\/span><\/p>\n<\/td>\n<\/tr>\n\n| \n World Bank<\/strong><\/p>\n<\/td>\n| 188.12<\/td>\n | 533.51 million<\/td>\n<\/tr>\n | \n| \n Asian Development Bank (ADB)<\/strong><\/p>\n<\/td>\n| 147.89<\/td>\n | \n 291.69 million<\/p>\n<\/td>\n<\/tr>\n | \n| \n United Kingdom<\/strong><\/p>\n<\/td>\n| 168.07<\/td>\n | \n 123.87 million<\/p>\n<\/td>\n<\/tr>\n | \n| \n USAID<\/strong><\/p>\n<\/td>\n| 132.37<\/td>\n | \n 117.83 million<\/p>\n<\/td>\n<\/tr>\n | \nEuropean Union<\/strong><\/td>\n| 31.37<\/td>\n | \n 117.83 million<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n Of the total disbursed amount, 50.5 percent of the fund came in the form of loan, 35.1 percent in grant and 14.4 percent as technical assistance.<\/p>\n It is notable that 78 percent of the foreign aid has come under in line with the budgeted requirements, reflecting in the government\u2019s annual budget book.<\/p>\n Country-wise<\/h4>\nThe United Kingdom emerged as the top-3 donor after the world\u2019s leading funding agencies, while Nepal\u2019s closest neighbors did not appear in the list and were at 8th<\/sup> and 9th<\/sup> positions, respectively.<\/p>\nIndia\u2019s contribution to Nepal during the year was USD 56.76 billion, down 4.2 percent year-on-year.<\/p>\n Sector-wise<\/h4>\nEconomic sector topped the list with regard to sector-wise receiving of funds, followed by education sector, urban development, health, local development, energy and housing.<\/p>\n \u201cThe increase in disbursement was due mainly to the implementation of \u2018First Programmatic Fiscal and Public Finance Management Development Policy Credit\u2019 funded by the World Bank,\u201d said the report<\/span>.<\/p><\/blockquote>\nBagging on Capacity Development<\/h4>\nFinance Minister Yubaraj Khatiwada is hopeful that the donations would further go down as Nepal is moving on the path of development with good number of institutional reforms and enhancing its capacity to pay-back loans.<\/p>\n It\u2019s clear. Drop in grant means our loan will grow,\u201d he told a press conference on Wednesday. \u201cAs Nepal aims to graduate to the league of developing nations by 2022, we will have to focus on mobilizing the loans received under the low interest rate more prudently and in a transparent manner,\u201d says the Minister<\/span>.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"Funding from internationally-renowned foreign agencies for Nepal\u2019s development has witnessed a decent rise in the FY…<\/span><\/p>\nRead more<\/a><\/div>\n<\/p>\n","protected":false},"author":761,"featured_media":15939,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7042,7640],"tags":[1945,7156,4993,525,3169,1381,11465,6925,11463,1076,98,11464,2994,11462],"yoast_head":"\n Foreign Aid to Nepal: World Bank Tops, Govt Eyes Capacity Development<\/title>\n<meta name=\"description\" content=\"World Bank topped the list of 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