India beats China |
India has again emerged as one of the top ODA (Official Development Assistance) donors to Nepal, clawing its way back to the list of top five bilateral development partners of the country. India displaced from the list China which was ranked 4th last year. Nepal finance ministry`s latest Development Cooperation Report on FY 2015/16 puts India at the 5th position behind US, UK, Japan and Switzerland . In FY 2014/15, for the first time in 5 years, India`s name had gone missing from the list of top 5 development partners of Nepal as its ODA disbursement had plummeted by over 50 per cent that FY. Now, India has disbursed US $ 35.76 million from July 16 2015 to July 15 2016 to claim its place among the top 5 bilateral development partners of Nepal. This is 3.33 per cent of total ODA received by Nepal in the year. China in the same period accounted for 3.29 per cent of the overall ODA to Nepal.In the previous FY, 2014/15, India had disbursed a little over $22 million. China had in the same year disbursed $ 37.95 million to knock India out of the list of Nepal`s top 5 development partners.
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