Wednesday, February 10, 2016

US Government Proposes Four Times Increase In Aid To Nepal

The US government has proposed a four-fold Increase in relief to Nepal at Rs. 434 crore (USD 64 million) as part of its aid to rebuild the country after the 2015 devastating earthquake killed nearly 9,000 people and destroyed thousands of buildings.The US Congressional Budget Justification has made a request for USD 64 million to Nepal as a part of its support to rebuild the country after the 2015 devastating earthquake that killed nearly 9,000 people and destroyed thousands of buildings. In his annual budget sent to the Congress for the 2016-2017 fiscal year beginning October 1, 2016, Secretary of State John Kerry proposed USD 64 million for Nepal in economic support fund (ESF) as against just actual USD 14.5 million in 2015.

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