India has once again found its place among the top five bilateral ODA (Official Development Assistance) donors to Nepal, surpassing china by a considerable margin. India which has been placed 5th on the list after behind US, UK, Japan and Switzerland, managed to displace China which was ranked 4th last year. Nepal finance ministry’s latest Development Cooperation Report on FY 2015/16 shows that India disbursed a whopping amount of $ 35.76 million from July 16, 2015 to July 15, 2016. For the first time in five years, India’s name didn’t feature among the top 5 development partners of Nepal in its last financial year (2014-2015). The country’s ODA disbursement had plummeted by over 50 per cent in the FY 2014/15.
The report at the website showed that Nepal’s top five bilateral DPs for the 2015-16 year are the USAID ($ 118.93 million), United Kingdom (US$ 89.47 million), Japan ($ 45.91 million), Switzerland ($ 36.98 million) and India (US$ 35.76 million). The report categorically mentions that India, China and Korea also provide technical assistance to the Government of Nepal through scholarship, trainings and study tour conducted in their countries, which is not fully reflected in the total volume of assistance. Te report also mentions India and China as the two “important aid provider” to country and says that the assistance received has not been properly reported as in the previous years. The top 5 bilateral DPs contributed approximately 30% of the total disbursements.
Among Nepal multilateral partners, World Bank Group and ADB made the largest disbursement in FY 2015/16 (22.69% and 20.27% respectively). The report state that disbursement received by Nepal from the World Bank Group, ADB, India and UN Country Team has remarkably increased as compared with the level of FY 2014-15, while that of UK and USAID has significantly declined during this period.