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UPDATED: 12:09, May 11, 2006
Nepal seeking support from donors for reconstruction: official
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The Nepali Finance Ministry is holding consultations with the donors to seek their support for the reconstruction of the damaged physical infrastructure and to give impetus to economic activities in the country, a government official disclosed here Thursday.

Talking to reporters, joint secretary at the Ministry of Finance Pramod Karki said that Nepal will present its need for reconstruction of destroyed infrastructure and other help essential for the economic development of the country and seek support from donor agencies.

Karki, who also participated in the 39th annual meeting of the Asian Development Bank (ADB) in the southern Indian city of Hyderabad last week, informed that Nepal has urged the donors to make available between 1.25 to 1.50 billion U.S. dollars to carry out massive reconstruction and rehabilitation programs in the country.

He informed that the ministry was going to call a meeting of local donors within next one or two weeks after internal preparation at the ministry.

According to Karki, the ADB president and other donor countries are positive about the political development of the country and have expressed readiness to assist Nepal.

"Though the meeting did not commit to provide assistance, the donors are positive to extend support to Nepal," he said.

Source: Xinhua

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