AIRLINK 80.56 Increased By ▲ 1.15 (1.45%)
BOP 5.28 Decreased By ▼ -0.05 (-0.94%)
CNERGY 4.40 Increased By ▲ 0.02 (0.46%)
DFML 34.95 Increased By ▲ 1.76 (5.3%)
DGKC 76.30 Decreased By ▼ -0.57 (-0.74%)
FCCL 20.60 Increased By ▲ 0.07 (0.34%)
FFBL 32.47 Increased By ▲ 1.07 (3.41%)
FFL 9.70 Decreased By ▼ -0.15 (-1.52%)
GGL 10.16 Decreased By ▼ -0.09 (-0.88%)
HBL 117.57 Decreased By ▼ -0.36 (-0.31%)
HUBC 135.25 Increased By ▲ 1.15 (0.86%)
HUMNL 7.05 Increased By ▲ 0.05 (0.71%)
KEL 4.70 Increased By ▲ 0.03 (0.64%)
KOSM 4.65 Decreased By ▼ -0.09 (-1.9%)
MLCF 37.20 Decreased By ▼ -0.24 (-0.64%)
OGDC 136.25 Decreased By ▼ -0.45 (-0.33%)
PAEL 23.00 Decreased By ▼ -0.15 (-0.65%)
PIAA 27.00 Increased By ▲ 0.45 (1.69%)
PIBTL 6.91 Decreased By ▼ -0.09 (-1.29%)
PPL 113.20 Decreased By ▼ -0.55 (-0.48%)
PRL 27.45 Decreased By ▼ -0.07 (-0.25%)
PTC 14.75 No Change ▼ 0.00 (0%)
SEARL 56.87 Decreased By ▼ -0.33 (-0.58%)
SNGP 66.70 Decreased By ▼ -0.80 (-1.19%)
SSGC 11.02 Decreased By ▼ -0.07 (-0.63%)
TELE 9.27 Increased By ▲ 0.04 (0.43%)
TPLP 11.58 Increased By ▲ 0.02 (0.17%)
TRG 72.00 Decreased By ▼ -0.10 (-0.14%)
UNITY 25.54 Increased By ▲ 0.72 (2.9%)
WTL 1.37 Decreased By ▼ -0.03 (-2.14%)
BR100 7,555 Increased By 29.2 (0.39%)
BR30 24,665 Increased By 15.5 (0.06%)
KSE100 72,170 Increased By 198.6 (0.28%)
KSE30 23,809 Increased By 60.3 (0.25%)

imageKATHMANDU: Nepal's prime minister pledged Thursday to ensure that all aid would reach quake victims, seeking to allay fears over corruption and red tape as he appealed for funds at a meeting of international donors in Kathmandu.

Nepal says it needs around $6.7 billion to recover from the April disaster, which killed more than 8,800 people, destroyed nearly half a million houses and left thousands in need of food, clean water and shelter.

But some international donors have been slow to pledge money, concerned that bureaucracy and poor planning will prevent it from being used efficiently.

Prime Minister Sushil Koirala urged delegates including foreign ministers from regional superpowers China and India as well as World Bank, UN and EU officials to "work with us, the government of Nepal".

"In an environment of good faith, I assure you that we will (leave) no stone unturned in ensuring that the support reaches the intended beneficiaries... because we are accountable to our own citizens," he said as he opened the one-day meeting.

India's Foreign Minister Sushma Swaraj pledged $1 billion to finance reconstruction as the meeting got under way. She said around one quarter of the money would be grants, but did not specify what form the rest would take.

The World Bank has already pledged up to $500 million for reconstruction.

Nepal -- one of the world's poorest countries even before the quake -- desperately needs assistance to rebuild homes, schools and hospitals destroyed or damaged by the April 25 earthquake and a strong aftershock on May 12.

The country's already weak economy has been hard hit by the disaster, with annual growth forecast to fall to just three percent, the lowest in eight years.

The government wants all aid to be channelled through a new state body being set up to ensure a coordinated response to rebuilding.

But experts say Kathmandu has so far failed to lay out a clear set of plans.

"What is lacking right now is a clear strategy... the government needs to come up with a credible plan to implement reconstruction projects within a stipulated time," said Chandan Sapkota, economist at the Asian Development Bank's Nepal office, ahead of the meeting.

"If it fails to incorporate a robust checks and balances system, the government will lose credibility."

Copyright AFP (Agence France-Presse), 2015

Comments

Comments are closed.