6 days ago
Nepal Prepares Rs 20 Billion for Flood Relief, Seeks More
A major flood from Tibet in China damaged parts of Nepal.
The Nepal government has prepared about Rs 20 billion to help people quickly.
This money can be used for rescue, relief and other urgent work.
The government is also trying to obtain another Rs 25 billion from the World Bank.
Ten bank accounts were opened to help organize the money.
A new online portal will collect information about damage and needed supplies.
The Asian Development Bank may also provide grants.
Officials say they will arrange more resources if the disaster requires them.
The Nepal government has set aside around Rs 20 billion for immediate flood rescue, relief and disaster management.
The government is seeking about Rs 25 billion in additional support from the World Bank through its Cat DDO Rapid Response facility.
Ten bank accounts have been opened to coordinate disaster-management funds and operations.
The I-Base Online Information Portal will track disaster damage, conditions and resource needs in real time.
The Asian Development Bank has expressed interest in providing grant assistance, while officials continue talks with donors.
- Who
- The Nepal government, Finance Secretary Ghanshyam Upadhyaya, the World Bank and the Asian Development Bank are involved.
- What
- Nepal is arranging flood-relief funds, seeking additional international support and creating systems to coordinate disaster response.
- Where
- Nepal, following a major flood that came from Tibet in China.
- When
- The measures were announced during a government review meeting held on Wednesday; immediate funds are available now.
- Why
- To finance rescue, relief, damage monitoring and other urgent disaster-management operations.
Key facts
- Immediate government funding
- Around Rs 20 billion has been kept ready for rescue, relief and disaster management.
- Proposed World Bank support
- About Rs 25 billion is being sought through the Cat DDO Rapid Response facility.
- Funding status
- The World Bank support is still in process and would be separate from the government’s Rs 20 billion.
- Bank accounts
- Ten accounts have been opened at different banks for disaster-management coordination.
- Damage monitoring
- The I-Base Online Information Portal will collect and monitor disaster information in real time.
- Potential additional aid
- The Asian Development Bank has shown interest in providing grant assistance.
Quotes
Ghanshyam Upadhyaya
Nepal’s finance secretary
“We are working to immediately mobilise the resources available and arrange additional resources according to the need.”
thestatesman.com
“We are focusing on disaster management and resource management. We are in continuous dialogue with donor agencies.”
thestatesman.com
Sources
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