Nepal earthquake recovery aid: Commitments and disbursements

Injina Panthi / August 16, 2018

 

A settlement in Langtang, Rasuwa after the earthquake’s devastation, pictured a year later in 2016.

After the 2015 earthquakes, Nepal government had organized ‘International Conference on Nepal’s Reconstruction -2015’ to raise foreign aid for post-earthquake recovery. At the conference, Nepal’s development partners pledged financial assistance amounting to US$ 4109.52 million. According to the Development Cooperation Report, 2016/2017 published by the Ministry of Finance following are the pledged, committed and disbursed amounts by various development partners:

Figures are in millions of US dollars

Development Partners Pledge

(made during ICNR 2015)

 Commitment

Made up to 20 February,2017

 Pledging Vs Commitment percentage Disbursement in FY 2015-16 Disbursement in FY 2016-2017 Total Disbursement Commitment Vs Disbursement Percentage
Asian Development Bank 600 215 36% 18.43 14.98 33.41 16%
Australia 4.64 – 0% 4.77 0.00 4.77 N/A
Austria 1.20 – 0% – – – –
Bangladesh 0.50 – 0% – – – –
Canada 10.50 – 0% – – – –
China 766.93 766.93 100% 10.67 – 10.67 1%
European Union 117.48 118.37 101% 6.68 57.95 64.63 55%
Finland 2.24 1.12 50% – 0.42 0.42 37%
Germany 33.57 34 101% – 3.97 3.97 12%
International Monetary Fund 50 50 100% – – – –
India 1400 1000 71% – – – –
Japan 260 247.07 95% 10.35 55.77 66.12 27%
The Netherlands 26 – 0%
Norway 15.97 – 0% 2.18 1.81 3.99 N/A
Pakistan 1 0%
Republic of Korea 10 8.40 84% 5.70 1.51 7.21 86%
Saudi Fund 30 – 0% – – – –
Srilanka 2.50 – 0% – – – –
Sweden 10 0%
Switzerland 25 – 0% 7.72 2.61 10.33 N/A
Turkey 2 0% – – – –
UK(DFID) 110 165.50 150% 9.96 25.23 35.18 21%
USA 130 159.82 123% 14.38 23.66 38.04 24%
World Bank 500 300.00 60% 63.61 137.48 201.09 67%
Grand Total 4109.52 3066.21 75% 154.43 325.39 479.83 16%

The government of India disbursed the first tranche of pledged economic support amounting Rs 2.143 billion in August 2018. China, India, Asian Development Bank, and World Bank are the largest contributors in terms of the amount pledged for post-earthquake reconstruction. According to the report, out of the total committed amount only 16 percent amounts have been disbursed.

 

This material is copyrighted but may be used for any purpose by giving due credit to southasiacheck.org.
Comments

Recommended Read

Progress report on Kasthamandap reconstruction The Kasthamandap Reconstruction Committee, established in May 2018 to rebuild the Kasthamandap Temple at Kathmandu Durbar Square, aims to finish the work ahead of schedule. Read More
Half of quake-destroyed schools rebuilt Of the total 7,923 schools hit by the 2015 earthquakes, 4,098 schools have been rebuilt, according to a government report published in October 2018. Read More
Housing assistance for quake victims: Given in word not in deed Only five percent of the total eligible victims have received the full amount of housing grant till January 24, 2018, according to the National Reconstruction Authority. Read More