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Denemarken schort financiering van ontwikkelingsprojecten op

Denmark suspends development projects.

Denmark has suspended plans to finance development projects in Nepal, a Danish embassy official said wednesday. No formal reasons were given for the suspension of the Danish aid of around 25.56 million dollars annually. "We have informed the Nepalese government that ther will be no signing of any agreement for a number of integrated rural development projects, cooperation for the control of administrative corruption, community forestry, health and educational programmas in Nepal's new fiscal year starting in mid-July," the official said. There was no immediate reaction from the government on the move by Denmark, Nepal's second largest bilateral aid donor after Japan for its rural, environmental, forestry, health and educational programmers. The charge d'affaires of the Danish embassy in Kathmandu, like other European envoys, has been called home following the declaration of a state of emergency in Nepal.
Of Nepal's total development budget of 67.6 billion rupees (957.5 million dollars), 47.6 percent is met by foreign grants and loans. "If the current political situation does not improve, the country may face a grave economic crisis as the government has not been able to collect the earmarked revenues," economic analyst Prithvi Raj Ligal warned.
"The government has not been able to collect even 28 percent of the 70.3 billion rupees (996.0 million dollars) expected revenue under the current annual budget due to failure in trade... and tourism and due to other reasons," Ligal said.



Source: Kathmandu Post - 16-2-2005

keyterms: development aid, Denmark, Danish, embassy, Kathmandu, budget, government, Japan

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