Kathmandu, Apr. 20:Donor nations and agencies are to provide cooperation worth one billion dollar  during the period of one year for the development endeavours of Nepal.

At the meeting of the Nepal Development Forum which concluded in Paris yesterday, the representatives of the donor agencies and nations expressed commitment to increase the sum of assistance if  progress of institutional and policy reforms and also the utilisation of cooperation money was intensified.

If hmg is able to effectively implement the documents of the reforms of the economic, institutional and policy measures, International Development Association (ida) alone will provide over 400 million dollars to Nepal.

The document adopted by the council of Ministers has covered all the points raised in the assistance strategy prepared by the World Bank.

The documents for reforms was presented at the Nepal Development Forum held in Paris, the capital of France from April 17 to 19.

Minister for Finance Mahesh Acharya said that he was able to make the representatives of the donor agencies and nations agree in principle to the topics of the documents for reforms at the Paris meeting.

He said, “At the Paris meeting this time,  we did not strive for the approval of projects and bring in dollars. Instead, we presented ourselves somewhat in a different fashion than in the past. We held discussions with the donor nations and agencies on the policy formulated by hmg in connection with economic stability, development, poverty alleviation and good governance and tried to win their confidence.”

Mr. Acharya said that the reform programme had been initiated for the development of Nepal and uplift of Nepali and if internal means and resources could be mobilised and reform programmes implemented effectively, more and more of foreign aid could be mobilised.

The assistance strategy prepared by the World Bank states that if the economic management was improved, revenue increased, money spent productively, and effectiveness of civil services was increased, specially institutional services enhanced, then ida would provide credit from 200 to 350 million dollars.

Similarly, this year also, efforts aimed to ensure economic management and expedite the pace of state operation could not gain stability, government’s inaction and the deteriorating law and order situation continued to exist and the loan to be provided by the ida will reach us $150 million.

Minister Acharya said commitment made by His Majesty’s Government to donor countries and agencies for social development and poverty alleviation, the reform agenda passed by the council of Ministers and the commitment made for its implementation has offered promises for Nepal’s development and upliftment.

Public revenue is not in a position to sustain development, dependence on internal as well as external loans is emerging as a fiscal management challenge and it is our compulsion to depend on foreign means and resources for the next few years, he said and spoke of the need for us all to be serious for intensifying development works.

The Nepalese economy is now beset with a host of problems and it is because of political instability, corruption, misuse of government resources, weak fiscal sector and slackness in public revenue, he further said.

Talking to journalists after the Paris meeting, World Bank’s representative for Nepal Hans Rothenbuhler said Nepal would not have to worry for aid if it strengthens its institutional capacity.

According to World Bank, export of electricity would help Nepal earn a huge income on a long-term basis and agriculture is the only alternative to alleviate poverty.

Mr Rothenbuhler also spoke of the need to create a conducive atmosphere for the private sector to expedite Nepal’s development.

The documents for reforms was presented at the Nepal Development Forum held in Paris, the capital of France from April 17 to 19.

Minister for Finance Mahesh Acharya said that he was able to make the representatives of the donor agencies and nations agree in principle to the topics of the documents for reforms at the paris meeting.

He said, “at the Paris meeting this time,  we did not strive for the approval of projects and bring in dollars. Instead, we presented ourselves somewhat in a different fashion than in the past. We held discussions with the donor nations and agencies on the policy formulated by hmg in connection with economic stability, development, poverty alleviation and good governance and tried to win their confidence.”

Mr. Acharya said that the reform programme had been initiated for the development of Nepal and uplift of Nepali and if internal means and resources could be mobilised and reform programmes implemented effectively, more and more of foreign aid could be mobilised.

The assistance strategy prepared by the World Bank states that if the economic management was improved, revenue increased, money spent productively, and effectiveness of civil services was increased, specially institutional services enhanced, then ida would provide credit from 200 to 350 million dollars.

Similarly, this year also, efforts aimed to ensure economic management and expedite the pace of state operation could not gain stability, government’s inaction and the deteriorating law and order situation continued to exist and the loan to be provided by the ida will reach us $150 million.

Minister Acharya said commitment made by His Majesty’s Government to donor countries and agencies for social development and poverty alleviation, the reform agenda passed by the council of Ministers and the commitment made for its implementation has offered promises for Nepal’s development and upliftment.

Public revenue is not in a position to sustain development, dependence on internal as well as external loans is emerging as a fiscal management challenge and it is our compulsion to depend on foreign means and resources for the next few years, he said and spoke of the need for us all to be serious for intensifying development works.

The Nepalese economy is now beset with a host of problems and it is because of political instability, corruption, misuse of government resources, weak fiscal sector and slackness in public revenue, he further said.

Talking to journalists after the Paris meeting, World Bank’s representative for Nepal Hans Rothenbuhler said Nepal would not have to worry for aid if it strengthens its institutional capacity.

According to World Bank, export of electricity would help Nepal earn a huge income on a long-term basis and agriculture is the only alternative to alleviate poverty.

Mr Rothenbuhler also spoke of the need to create a conducive atmosphere for the private sector to expedite Nepal’s development.