Aid Pledged At Donors’ Conference Amounted To Over $3.5 Billion

Over $3.5 billion have been pledged by donor countries in aid for the recovery bid of Nepal during the International Conference on Nepal’s Reconstruction held at Hotel Soaltee in Kathmandu on Thursday (June 25, 2015), reports Ekantipur.

An opening ceremony of the International Conference on Nepal's Reconstruction (ICNR) 'Towards a Resilient Nepal' held on Thursday in the Kathmandu. Photo: Kumar Shrestha, RSS
An opening ceremony of the International Conference on Nepal’s Reconstruction (ICNR) ‘Towards a Resilient Nepal’ held on Thursday in the Kathmandu. Photo: Kumar Shrestha, RSS

In the conference organised to raise fund for the rebuilding the nation ravaged by the deadly earthquake of April 25 and the subsequent aftershocks, India became the nation to announce the largest amount in aid—NRs 100 billion (US $ 1 billion) for Nepal’s post-earthquake reconstruction. One forth of the amount has been extended as grant assistance.

Similarly, Chinese Foreign Minister Wang Yi pledged to extend Rs 76 billion or 4.7 billion RMB both grant and loan. China also offered a concessional loan from Silk Road Fund from China to Nepal’s reconstruction bid. China will offer training opportunities for 1,500 Nepalis over the next year.

Prime Minister Sushil Koirala addresses an opening ceremony of the International Conference on Nepal’s Reconstruction (ICNR) 'Towards Resilient Nepal' held in the Kathmandu on Thursday. Photo: Kumar Shrerstha, RSS
Prime Minister Sushil Koirala addresses an opening ceremony of the International Conference on Nepal’s Reconstruction (ICNR) ‘Towards Resilient Nepal’ held in the Kathmandu on Thursday. Photo: Kumar Shrerstha, RSS

Likewise, Japan announced US $260 million while also assuring to organise the second donor conference to support Nepal’s rebuilding effort. Japan will support in repairing cultural heritages, Japanese State Foreign Minister for Foreign Affairs Minoru Kiuchi said.

Also present at the conference was the US Ambassador to Nepal, Peter Bodde who announced US aid of $ 130 million for Nepal’s bid to recover from the devestation caused by the recent deadly earthquke and its aftershocks.

US ambassador to Nepal Peter W. Bodde addresses an opening ceremony of the International Conference on Nepal’s Reconstruction (ICNR) 'Towards Resilient Nepal' held in the Kathmandu on Thursday. Photo: Kumar Shrerstha, RSS
US ambassador to Nepal Peter W. Bodde addresses an opening ceremony of the International Conference on Nepal’s Reconstruction (ICNR) ‘Towards Resilient Nepal’ held in the Kathmandu on Thursday. Photo: Kumar Shrerstha, RSS

Some of the countries who also pledged aid for recovery were Norway, Switzerland, Canada, Pakistan and South Korea among others.

Meanwhile, Brazil, Kuwait and Saudi Arabia have assured to support Nepal’s recovery bid but have not announced the amount.

Prime Minister Sushil Koirala, Minister for Finance Dr Ram Sharan Mahat, Minister for Foreign Affairs Mahendra Bahadur Pandey stands for national anthem during an opening ceremony of the International Conference on Nepal's Reconstruction (ICNR) 'Towards a Resilient Nepal' held on Thursday in the Kathmandu. Photo: Kumar Shrestha, RSS
Prime Minister Sushil Koirala, Minister for Finance Dr Ram Sharan Mahat, Minister for Foreign Affairs Mahendra Bahadur Pandey stands for national anthem during an opening ceremony of the International Conference on Nepal’s Reconstruction (ICNR) ‘Towards a Resilient Nepal’ held on Thursday in the Kathmandu. Photo: Kumar Shrestha, RSS
Bhutanese Minister for Finance Namgay Dorji addresses an opening ceremony of the International Conference on Nepal’s Reconstruction (ICNR) 'Towards Resilient Nepal' held in the Kathmandu on Thursday. Photo: Kumar Shrerstha, RSS
Bhutanese Minister for Finance Namgay Dorji addresses an opening ceremony of the International Conference on Nepal’s Reconstruction (ICNR) ‘Towards Resilient Nepal’ held in the Kathmandu on Thursday. Photo: Kumar Shrerstha, RSS

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