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Annual foreign aid to Nepal surged 26.87 percent to $2 billion last fiscal year Kathmandu Post Kathmandu, April 9 Foreign aid to Nepal surged 26.87 percent to $2 billion in the last fiscal year 2019-20 ended mid-July, helped by the funds allocated to assist Covid-19 response and recovery programmes, the Finance Ministry said. The money received from the country s development partners accounts for 23.3 percent of the national budget. In the previous fiscal year, foreign aid disbursement amounted to $1.57 billion. © Narayan Maharjan/NurPhoto Daily Life In Nepal The Finance Ministry s Development Cooperation Report released on Thursday shows that out of the $2 billion disbursed as foreign aid in the last fiscal, 25.6 percent or $512.9 million came for Covid-19 response and recovery.

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