Relief distribution concludes', says Finance Minister
Finance Minister Dr. Ram Sharan Mahat said that the government was to take only either donations or loans with simple interest rates from donors. Despite the need to borrow a large amount of money from donor agencies for reconstruction following the earthquake, he clarified that the government was not to take loans at the market price. With the government prioritizing donations, Minister Mahat said that most of the donor agencies focused on loans and it was possible to borrow at an affordable interest rate. BITE...
Speaking at an interaction program organized in the Capital today by Reporters' Club, Minister Mahat saying that the works of relief had concluded, informed that the task of reconstruction was to begin soon. Saying that arrangement was to be made to let transactions happen only via banking mechanism for transparency, he informed that the work of reconstruction was to begin from the Nepali month of Shrawan. BITE...
Minister Mahat also informed that no new programs were to be introduced in the upcoming budget, however, added the current national priority projects are to be continued.