Nepal Government Seeks Foreign Aid for Reconstruction After 'Gen-Ji' Protests Damage
Summary
The Nepal government is seeking foreign aid and mobilizing internal resources to reconstruct structures damaged during the 'Gen-Ji' protests, planning major expenditures over the next three years.
Key Points
- The Nepal government plans to seek foreign aid from donor agencies and the Non-Resident Nepali community to fund reconstruction after the 'Gen-Ji' protests.
- The Ministry of Finance reports physical damage totaling NPR 84.4577 billion caused by the protests, affecting government, public, and private sectors.
- The federal government is spending NPR 4.34 billion in the current fiscal year with projected annual expenditures of over NPR 10 billion for the next two years for reconstruction.
- Austerity measures and coordination among federal, provincial, and local governments are being implemented to mobilize resources and ensure disaster-resilient reconstruction.
