The Ministry of Finance (MoF) is holding a donors’ meet on Monday to review the ongoing reform initiatives of the government and the Finance Ordinance issued by the government, officials said.

Talking to Nepalnews, Bhuwan Karki, Under Secretary at the Foreign Aid Coordination Division at the (MoF) said that the meeting with the local donors was a regular one and aimed at discussing the recently promulgated Finance Ordinance and other economic issues of the country.

He informed that discussions will also be held about the tenth plan and other reform measures taken by the government.

Officials at the MoF said no new commitments had been made by the donor communities except Japan and Germany. They, however, said the previous commitments had been continuing.

Monday’s meet is the first meeting after Dr Roop Jyoti was appointed as Minister of State for Finance late last year.

The meeting is taking place at a time when major donors are reviewing their assistance in the wake of the royal takeover of February last year.

Economists have warned that the economy might be bankrupt within a few months if the economic situation of the country remained same and donor agencies did not make fresh commitments.

The royal appointed state minister is expected to try to convince donors regarding the reform measures being carried out by the government.

Meanwhile, reports said the government is not happy with the recently set up “Rights, Democracy and Inclusion Fund (RDIF)” suspecting that it might be diverted to support the pro-democracy movement being launched by the seven party opposition alliance.

The UK Department for International Development (DFID) and Swiss Agency for Development Cooperation (SDC) have, however, made it clear that the Fund will promote human rights and democratic strengthening programmes in Nepal, and will not fund political parties.